As we approach December, we traditionally see a slowdown in container throughput as shippers have stocked up for Christmas and will only look at replenishing their inventories in Q1.

LNG

The LNG spot market strengthened further this week, with 2-stroke tonnage remaining extremely tight in the Atlantic, driving significant gains on all major routes.

Clean

LR2

MEG LR2 freight continued it modest firming this week. The TC1 75kt MEG/Japan index added another 5 points of value to WS150 taking the corresponding TCE to a fraction over $36,000 /day Baltic description round trip.

Capesize

The week delivered a broadly positive performance for the Capesize market, with early strength in both basins before momentum tapered into a quieter finish.The BCI 5TC climbed steadily from the high $27,000s to just over $30,000, reinforcing a firming tone despite Thursday’s slowdown.

Leveraging Odfjell’s worldwide trading platform and Nissen Kaiun’s modern chemical tanker fleet will provide significantly increased flexibility and capacity to the global customer base.

Further Modernizes Asset Base and Enhances Earnings and Dividend Capacity

Genco Shipping & Trading Limited (NYSE:GNK) (“Genco” or the “Company”), the largest U.S. headquartered