On July 22, Ukraine and Russia agreed that exports of grain and other agricultural products from selected Ukrainian Black Sea ports could resume after months of Russian blockade. The agreement comes at a time when storage capacity is reaching its limit…
New Grain Corridors from Ukraine and Dry Bulk Flows Read More »
With container spot rates down significantly over the past three months, it’s no wonder that shippers are hastily renegotiating contracts. The cost of moving a 40ft box from China to the US West Coast (FBX01) has dropped 58% from USD 15,817 to USD 6,59…
What’s the best way to handle container rate changes? Read More »
The LNG tanker market is expected to ride the existing “wave” of increased demand throughout the second half of the year. In its latest weekly report, shipbroker Intermodal said that “amid Europe’s effort to cut its dependence on Russian gas, LNG has c…
LNG Becoming the Most Important Shipping Market of 2022 Read More »
July, which usually marks the peak season getting into full swing, continues to see declining spot rates. As an example, the global FBX weekly index declined 7% during July and is down 37% compared to the peak associated with Chinese New Year. Whilst s…
FBX Index: The long slide downwards is in motion Read More »
Retail sale is a key driver of European container imports. In early 2020 and early 2021 retail sales volumes in the EU and the UK suffered setbacks due to COVID restrictions, but recently, high inflation and historically low consumer confidence have be…
EU retail sales volumes fall 1.3%, indicating further weakening of container imports Read More »