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2 articles found with keyword "Sharp"
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.
MARITIME Strategies International's (MSI) Adam Kent said recently in a recent podcast episode that the container sector is heading for a short, sharp, hard landing as the supply chain normalizes and large amounts of new tonnage hits the water, From historic highs just a year ago container freight spot rates have been falling by 10 per cent a week over the last month as the traditional peak season failed to materialize and lines have scrambled to blank services in the run up Golden Week in China, reports UK's Seatrade Maritime News
2 articles found with keyword "Sharp"
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.
MARITIME Strategies International's (MSI) Adam Kent said recently in a recent podcast episode that the container sector is heading for a short, sharp, hard landing as the supply chain normalizes and large amounts of new tonnage hits the water, From historic highs just a year ago container freight spot rates have been falling by 10 per cent a week over the last month as the traditional peak season failed to materialize and lines have scrambled to blank services in the run up Golden Week in China, reports UK's Seatrade Maritime News
