Prices for second hand bulkers have retreated as a result of a weakness in the dry bulk market. In its latest weekly report, shipbroker Xclusiv said that “as 2024 draws to a close with just two weeks remaining, a review of the dry bulk market reveals a…
Dry Bulk Values Plunge in Line With Shipping Market Read More »
Supply/demand balance Despite the fastest growth in supply and the fleet since 2010, the supply/demand balance tightened in 2024. Ship demand has increased as 90% of the capacity that normally transits the Suez Canal has instead been sailing via the Ca…
BIMCO: Container Shipping Market Overview & Outlook December 2024 Read More »
The last 12 months has seen values rise to near-record levels across several sectors of the shipping industry, fuelled by the post-covid shipping boom and a strong newbuild market according to Veson Nautical’s ‘2024 End- Of-Year-Report’. The report sta…
Container sector spearheads a bullish year for global shipping Read More »
The ship recycling market is ending 2024 in the same lackluster state it began the year. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading global cash buyer of ships, said that “the ship recycling markets across all major destinat…
Ship Recycling Still Subdued Across the Board Read More »
November initially carried forward the October trend but ultimately up-ended as a result of the US presidential election injecting fresh volatility into the markets. Alongside this, good PMI figures out of China and a relatively stable sense of instabi…
FBX Index December 2024: Looking forward Read More »