LSEG (London Stock Exchange Group) News

The incremental costs of diverting a tanker from Asia to NW Europe via the Cape of Good Hope is accounting for an extra $932,905 USD per voyage while increasing transit time from 16 days to 32 days according to a report by LSEG Shipping Research. These additional costs mostly account for extra fuel and increase costs for an Aframax tanker by 110%, while for a large container vessel, it increases by 35% for a voyage between Asia to NW Europe. Average monthly transits Transits through Suez have...

Isaac Hankes, Senior Weather Analyst at London Stock Exchange Group, comments: “The Panama Canal is experiencing major, ongoing disruptions in the shipping supply chain due to restrictions on traffic related to very low water levels. This is the result of drought conditions that rapidly developed from the beginning of the year through June and have held steady since that time." He adds, "In fact, 2023 is off to the driest start during January-July since 2015, which had a similar rainfall...

LSEG (London Stock Exchange Group) and Siglar Carbon, a maritime emissions analytics company, have announced an agreement to enable customers to evaluate the different carbon options for cargo programmes via Workspace. Carbon consequence of shipping The agreement will combine Siglar’s emissions insights with LSEG’s industry-pioneering European carbon markets and industry emissions analytics to help charterers, traders, brokers, and ship owners understand, predict, and improve...