With the Brent price recently touching the $80 mark and before the Omicron variant concerns pushed it lower, bunker prices reached levels not seen since early 2020. Following the OPEC+ decision not to release additional crude oil volumes on the market …
Bunker buyers lose up to $5/mt for not covering enough suppliers Read More »
December looks like another bullish month for container freight rates, with increasing supply constraints caused by global concern over the new Omicron variant. With high demand for goods in the quarter ahead of the year end festive period, coupled wit…
FBX Index December: Looking forward Read More »
Pre-holiday bunker schedules are coming under pressure from high demand, and lingering weather disruptions in have delayed bunkering by days in Las Palmas and Malta. Supply could tighten in the ARA region as buyers have increasingly been looking to boo…
ENGINE: Europe & Africa Bunker Fuel Availability Outlook Read More »
The newbuilding and S&P markets have started to ease back ahead of the holiday festivities and the New Year. In its latest weekly report, shipbroker Allied said that “new ordering activity in the dry bulk market resumed back to moderate pace, as on…
Newbuilding Orders and S&P Deals Moderate Ahead of New Year Read More »
The Freightos Baltic Global index, driven by easing prices on the transpacific, fell 14% month over month to $9,364/FEU, though still 284% higher than a year ago and more than 6X the pre-pandemic norm. The decrease marks the end of peak season on Asia-…
FBX Index November: Market Summary Read More »