Weekly Briefing: Container chaos likely for weeks | Dry earnings lifted by Suez shutdown | Tanker consolidation back on the agenda
Lloyd’s List’s weekly headline view of the stories shaping the key shipping markets
The vessel logjam at the Suez Canal is receding, but the fallout for container supply chains is likely to last weeks, if not months. For dry bulk the disruption is likely to boost earnings temporarily, but the bigger congestion courtesy of Brazil is what’s driving market sentiment right now. Meanwhile in tankers the real focus is on consolidation in the wake of the Diamond S-International Seaways merger