World economic growth is predicted to slow to 2.5% this year and then slip to 2.2% in 2023, leaving real GDP below its pre-pandemic trend, costing the world more than $17 trillion, according to UNCTAD. In its Trade and Development Report 2022, the UN t…
Global growth on a downward path Read More »
The Car Carrier market went into overdrive in mid August, after Nissan extended their 100,000 USD/Day rate on Lake Geneva (6,178 CEU, Jan 2015, Imabari) just four weeks into the deal. A record breaking fixture setting a higher high in a raging bull mar…
Carrier Earnings Projecting USD 150k Per Day in 2023 Read More »
The continued release of capacity, combined with weak demand, continue to fuel the market downturn. In terms of capacity the latest data covering the period until end-August shows that bottlenecks continue to improve in the liner shipping network. It i…
FBX Index: Back to 2020 levels Read More »
The tanker market has taken advantage of a diminishing tonnage supply, combined with a significant increase in crude oil loadings. In a recent weekly report, shipbroker Banchero Costa said that “2021 was a very negative year for crude oil trade. Total …
Seaborne Crude Oil Loadings Proper Tanker Market to New Highs Read More »
There was a flurry of deals in the S&P market this past week. In its latest weekly report, shipbroker Allied said that “on the dry bulk side, things did not derail from the recent fair momentum prevailing in the market, with a relatively “good” num…
Multitude of Deals in the S&P Market This Week Read More »