Overall, most FBX routes saw increases in both spot prices and forward curve rates. Increased demand in Asia-European trades, coupled with ongoing Red Sea diversions and geopolitical tensions, likely contributed to these rises, although tensions eased …
FBX Index May 2024: Looking forward Read More »
Global seaborne LNG trade kept its upwards momentum during the first quarter of 2024, with Australia retaining its no2 spot, among the biggest exporters. In its latest weekly report, shipbroker Banchero Costa said that “global seaborne LNG trade has co…
First Quarter Australian LNG Exports Rose Along With the Rest of the Market Read More »
The flow of tonnes of dirty oil to China from global sources has seen a notable downturn, particularly impacting the Russian Federation, which has experienced a consistent decline since the first quarter of the year. As May began, signs of improvement …
Dirty Oil Flows to China Read More »
The quarterly results from the major carriers are beginning to be reported, with ONE and Maersk having issued theirs at the time of writing and with OOCL having issued their quarterly operational update with revenues and volumes but without profit leve…
FBX Index May 2024: Crisis continues to underpin supply/demand balance Read More »
Demand for LNG newbuildings rose last week, with more orders being reported. In its latest weekly report, shipbroker Banchero Costa said that it was a “very busy week for LNGs with the third phase of the Qatar Energy building program. The Chinese shipy…
LNG Newbuildings Take Center Stage Read More »