MNI BRIEF: China Passenger Car Sales Up In November Y/Y

MNI China Daily Summary: Monday, December 9

MNI BRIEF: China To Strengthen Policy Easing In 2025: Poliburo

MNI BRIEF: Mexico Inflation Down To 4.55% In November

MNI BRIEF: China Nov CPI Slows To 5-Month Low Of 0.2% Y/Y

MNI: PBOC Sets Yuan Parity Higher At 7.1870 Mon; -1.39% Y/Y

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI JAPAN Q3 GDP REV +0.3% Q/Q; PRELIM +0.2%; MEDIAN +0.2%

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Freight Rates on Notice After Sinking of Rubymar: Platts

FREIGHT

Traders are more optimistic on higher freight rates in March, amid the emergence of more cargoes seeking VLCCs for Persian Gulf – East route, according to Platts.

  • Platts assessed the Arab Gulf to Europe voyage for 140k mt of crude at $27.40/mt March 4, having softened from a near four-year high of $33.61/mt Feb. 1.
  • Shipping rates continue to be supported by Houthi attacks on vessels, with the recent sinking of the Rubymar bulk carrier likely to spur additional concerns which could boost freight.
  • The Rubymar sank March 2, 13 days after being attacked. It was the first ship lost since attacks began in November.
  • As the ship is just below the waterline, it may not be seen by other vessels, raising the risk of accidents, Platts said.
  • Insurance companies have also stopped offering hull and machinery cover for ship owners choosing to take the Red Sea route.
BulletEnergy BulletsHomepageCommodities
BulletEnergy BulletsHomepageCommodities

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.