Weekly briefing: Containerised freight supply chain ‘broken’; sanctions-busting tanker sales
Dry bulk sector remains cautious as China switches coal purchases
Pent-up demand for containerised goods is outstripping supply and capacity in the logistics chain, leading to soaring rates, backlogs, congestion and a shortage of containers in Asian export hubs. Meanwhile, the record volume of vintage tankers sold to store sanctioned oil cargoes is starting to have a market impact