Asian shipyards have kept on filling up their orderbooks with more contracting activity being reported. In its latest weekly report, shipbroker Banchero Costa said that “the new building market remains vibrant, spanning multiple segments and showcasing…
Newbuilding Orders Keep “Flooding” Asian Shipyards Read More »
China, the behemoth of global coal trade, continues to defy trade expectations, according to the International Energy Administration’s Coal Mid-Year Update. Despite brimming stockpiles, the nation’s coal imports surged by 12% in the first half of…
Coal trade reshaped by Asian demand Read More »
In a landmark move on 27 December 2023 the Bermuda Government took a significant step by adopting the Corporate Income Tax Act 2023 (the “CIT Act”), a pivotal piece of legislation that promises to reshape the island’s financial landscape. The new legis…
Bermuda Corporate Income Tax and the Shipping Income Exclusion Read More »
Middle East tensions and a threat of war escalating is definitely on the cards, after recent events. But, unlike recent examples, it seems that this time around oil prices aren’t going much higher, with most of this already priced in. So, unless there’…
Middle East Crisis: What could be the impact on the tanker market? Read More »
FBX July Summary The FBX index began July at $4,508, rising sharply to $5,214 within the first week. It peaked at $5,218 on 9 July before a steady decline to the current level of $4,958. This is over 3.5 times higher than the average price a year ago, …
FBX Index August 2024: Looking forward Read More »