With the seaborne sector responsible for 90% of global trade, a tentative recovery from the pandemic has brought changing fortunes for seafarers. Tanker markets have seen freight rates plunge after an end to the recent floating storage boom, while rates in the container markets have stayed firm thanks to capacity management.
Dry bulk is now turning a corner and the LNG sector is looking for a lifeline. This report looks to dive into what these changing patterns mean for each industry.
In the shipping markets, it’s not just the blend of fuel that has to be right.
Whatever your position in the supply chain, the combination of business intelligence you use is also crucial. From breaking news to detailed market analysis, price assessments to trade flow analytics, Platts Shipping portfolio offers a unique mix of products to fuel your decision making.
COVID-19 has caused multiple disruptions of global supply chains which in turn has impacted the shipping market. Over 90% of world trade is seaborne, and China is home to seven of the ten busiest container ports. The closure of the world’s manufacturing hub impacts shipping as it’s the driver of Asian and global supply chains, affecting industries and limiting the demand for seaborne transport. Our reporters and analysts examine how measures aimed at stopping the spread of the novel strain may affect shipping.
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