Container Freight Rates going from the Far East to the Mediterranean have been flat since this year, holding at USD 14 000 per FEU on the spot market and close to USD 9 000 for long-term contracts. In fact, on the short-term market, rates haven’t grown…
The ship recycling market is heating up, as surging commodity prices are leading to increased prices offered for vintage tonnage as well. In its latest weekly report, shipbroker Clarkson Platou Hellas commented that “the lack of tonnage and increasing …
More Tonnage Expected to Be Sold for Scrap As Prices Rise Read More »
Representatives of the global shipping industry, supported by governments, have laid out proposals on how a planned global R&D fund can be tailored to support developing economies. Updated proposals submitted to the UN International Maritime Organi…
As we entered February, the trends carried over from 2021. Congestion in global supply chains created as a result of the pandemic are slowly easing but remaining supportive of the freight markets with a very minor pull back Asia-Europe and Mediterranea…
FBX Index March: Looking forward Read More »
China and the EU were the main destinations of Russian seaborne coal exports during 2021. In a recent weekly note, shipbroker Banchero Costa said that “following a disastrous 2020, with the world hit by lockdowns and recession pretty much everywhere, g…