The Drewry World Container Index, a composite index of container freight rates on major routes, increased by 15% last week and has doubled since early December. The index surged by 23% to $3,777 per 40 ft box, marking a 173% increase since late November. Container freight rates are up 77% year-on-year and 158% over the last 6 weeks. The FBX also reported a 23% weekly increase in container freight rates. Clean tanker rates have seen significant increases, with LR1 FFAs jumping and clean tankers performing strongly. The Shanghai weekly freight index is expected to increase in line with Drewry's report. VLGC rates are being bludgeoned, while clean tanker spot rates continue to explode higher.
30 minute post open tanker check-in: - Dirty tankers weak down 1-2% - Clean tankers started weak, but now +1% Oil actually up over 1% today. $FRO $NAT $EURN $TNP $TRMD $STNG $TNK $DHT $INSW $ASC $ECO $HAFNI https://t.co/IL7R4HeuMp
Pre market dirty tankers trending down 1% while clean tankers up 1%. Low pre market volume. Dirty FFAs also green this morning . $FRO $NAT $EURN $TNP $TRMD $STNG $TNK $DHT $INSW $ASC $ECO $HAFNI
Clean Tanker FFAs are bonkers today: LR1 +1-3% MR TC2 +15-20% ππ MR TC6 +3-10% MR TC14 +2% $TRMD $ASC $STNG $INSW $HAFNI $DIS.MI
While clean tanker rates are bonkers, VLGC rates are being Bludgeoned: - BLPG: 3874 (-693) VLGC equities are surprisingly holding up. $LPG $AGAS $BWLPG $GASS $NVGS https://t.co/zg2NEKmAH5
Tanker Index 1/19: - BCTI: 1039 (+94) - BDTI: 1423 (-77) Clean rates continue to go β¦ BONKERS! Equities off their lows and mainly green. https://t.co/rxJHBn03kb
Clean tanker spot rates continue to explode higher with the BCTI up another 10% today (on top of a 15% jump yesterday). LR1 FFAs up over 5% again today. Driven by lower Aframax rates, the BDTI edges lower by 5% to 1423.
30 minute tanker check-in: Dirty out performing clean. Weak day for shipping overall. Hmm⦠did they not get the Friday memo? $FRO $NAT $EURN $TNP $TRMD $STNG $TNK $DHT $INSW $ASC $ECO $HAFNI https://t.co/CtYj4tb2Og
The Drewry World Container composite index increased by 23% to $3,777 per 40ft container this week and has increased by 82% when compared with the same week last year. The latest Drewry WCI composite index of $3,777 per 40ft container is the highest since October 2022 and is⦠https://t.co/UkydZFCrMN
$CHRW $ATSG Air Freight cargo begin to dramatically increase Tonnage increase of over 24% percent this past week and volume on main routes over 60% rates up over 10% This is the beginning https://t.co/V8Gv3Mf9Ec https://t.co/IGwDNKrOHC
Todays Eco Clean tanker rate changes (no scrubber) (compared to Thurs): LR2 Triangulated: +4250 LR1 Triangulated: +7000 MR Triangulated: +4250 Clean rates have exploded higher ππ. Insane one day moves. $TRMD $ASC $STNG $INSW $HAFNI $DIS.MI https://t.co/1gOH1Wzocf
Tanker FFAs dirty down, clean up: - Suezmax: Jan -1%, Feb -7%, Q1 -3% - Aframax -3% - LR1 +3-5% - MR TC2 Jan +8% - MR TC14 +1-2% Tankers green pre market. $FRO $NAT $EURN $TNP $TRMD $STNG $TNK $DHT $INSW $ASC $ECO $HAFNI
Container freight futures up 2.2%. Tomorrow the Shanghai weekly freight index will be updated. Last week it increased in-line with Drewery (up 15-16%). Earlier today Drewery reported a 23% increase. https://t.co/PWHe8cPu1c
#Product #oil #tanker #shipping earnings surging amidst thin tonnage lists and healthy activity. Brokers expect earnings to rise further on most benchmark routes LR2 (AG/JP) +25% to $50k/dπ LR1 (AG/JP) +31% to $46k/dπ MR (UKC/USAC) +64% to $22k/dπ https://t.co/B42rlMxmWR
Tanker Index 1/18: - BCTI: 945 (+126) - BDTI: 1500 (-42) Huge one day jump for BCTI β¦ immense counter seasonality strength. Dirty tankers directionless. Clean tankers out performing. $FRO $NAT $EURN $TNP $TRMD $STNG $TNK $DHT $INSW $ASC $ECO $HAFNI https://t.co/nbdNq2yqBe
30 minute Tanker check-in: - Dirty drops 1-2% - Clean strong $FRO $NAT $EURN $TNP $TRMD $STNG $TNK $DHT $INSW $ASC $ECO $HAFNI https://t.co/rQigX55quK
Container Freight rates are up 77% y/y and 158% over the last 6-week https://t.co/gphrlBQ2gp
After a large 7% increase yesterday, the FBX is up another 16 points to 3236. Drewry also reported this morning a 23% weekly increase in container freight rates!
Tanker FFAs, dirty weak, LR1s jump more, MRs mixed - VLCC -2-4% - Suezmax Jan +1%, Mar -2%, Q1 -1% - Aframax -2-6% - LR1 +5-11% π - MR TC2 Jan +3%, Feb -4%, Q1/Q2 -1% - MR TC6 Jan/Feb/Q1 -1%, Q2/Q3 +1% - MR TC14 Jan -2%, Feb/Mar +2% Clean tankers very green pre market. $TRMDβ¦
Another big weekly bump in container freight rates with Drewry showing a 23% weekly increase! Last week was a ~15% increase. Quite the bullish news flow for containers this week. $ZIM $MAERSK $HLAG https://t.co/VmGOxGPgMc
The relentless rise in global #container #freight rates continue with the Drewry composite showing a weekly rise of 23% to $3,777 per 40 ft box, a 173% increase since late Nov, with gains being led by +35% increases on the major China to US routes. Since the Red Sea crisis⦠https://t.co/Li643Me9KB
The relentless rise in global #container #freight rates continue with the Drewry composite up 23% this week to $3,777 per 40 ft box, a 173% increase since late Nov. Gains this week led by +35% increases on the major China to US routes. Since the Red Sea crisis started, the China⦠https://t.co/zkcUWTBsJH
Todays Eco Clean tanker rate changes (no scrubber) (compared to Wednesday): LR2 Triangulated: +500 LR1 Triangulated: +2750 MR Triangulated: +5000 Suez Canal issues are now trickling down to these huge clean rate jumps. LR1 FFAs jumping again today. $TRMD $ASC $STNG $INSW⦠https://t.co/c1FrRMV0Rm
The World Container Index, a composite index of container freight rates on eight major routes to and from the United States, Europe,Β and Asia, increased by 15% last week, according to Drewry, a maritime research and consulting firm. Itβs doubled since early December. @CNNBusiness https://t.co/oHLDoM1M08