Diesel prices are set to increase by 1.08 TL after last week's discounts, affecting transportation and logistics nationwide.

The inflation monster, falling freight rates, and excess supply in the oil market have hit the shipbreaking sector. According to a report by MarineLink based on GMS data, scrap prices, which reached $600 at the beginning of 2024, are signaling alarm as they are projected to drop below the $400 mark by the end of 2025.

Tanker prices have managed to edge out further falls during 2013, ending a nearly four-year downturn cycle, which began back in 2009.

CHARTER rates for short employment have 'gone out of control', says container shipping consultancy Alphaliner in its weekly report

Predicting the oil price is a bit of a mug’s game.

In what seems to be a contradicting development, at least in terms of market fundamentals (i.e. oversupply), the sales and purchase market for second hand vessels, as well as for newbuildings, has been very active during the past couple of months. This is evident in all three major shipping sectors, but most of all in the dry bulk carrier one,

International oil prices are expected to be in the neighborhood of USD 100 per barrel (pb), but they could edge up in the future as long as influential factors remain unchanged, oil experts believe.

One of the latest developments in shipping asset prices has been the reluctance from shipyards to further reduce their price expectations to higher loss areas, due to the fact that they are faced with greater construction costs, as a result of the closing of the price gap between China and Japan. In its latest analysis, Intermodal, looks at the issue of inflation and its effect of ship prices arou...

As the dry bulk market has kept on improving, but at a very slow rate, ship owners have elected to take a step back from the flurry of the S&P market, as it was in the past few week. After all, prices had started to firm up quite a bit. According to the latest report from Lion Shipbrokers, "buying interest is decreasing as ships' values have firmed beyond the budget of many prospective

In a recent report, US-based consulting firm Mcquilling Services attempted to forecast the course of bunker prices during the next few years, as this factor is among the most important ones when it comes to ship owning operating costs. According to the company's projection, 2013 average bunker prices are expected to reach $690 per ton, while by 2017, bunker costs are forecast to average $760 per t...

THE International Air Transport Association's (IATA's) latest Airlines Financial Monitor indicates that cargo load factors fell 0

THE drone attack on Saudi Arabia's Abqaiq oil refinery is likely to push up fuel prices for shippers as container lines are expected to pass on the higher cost of bunker fuels