The Freightos Baltic Global index fell 9% month-on-month in April to $2,384/FEU, as rates continued to ease from the pre-Lunar New Year and early Red Sea diversion-driven highs of January and February. As the decline has slowed, however, prices may be …
FBX Index May 2024: Market summary Read More »
Shipping is increasingly subject to growing volatility and uncertainties from war and geopolitical events, climate change risks, such as drought in the Panama Canal, and the resurgence of piracy. Allianz Commercial marine experts look at some of the ma…
Allianz: Navigating troubled waters: risk challenges for shipping in 2024 Read More »
A cooling of EV sales globally, could move peak oil projections further down the line, thus lengthening the existing tanker fleet’s lifespan. In its latest weekly report, shipbroker Gibson said that “in recent months we have seen some gloomy developmen…
EVs and Tanker Shipping: A Cooling Market Could Lengthen Peak Oil Projections Read More »
In 2023, 2.3 million TEU of container ship capacity was delivered, beating the former all-time high by 37%. Year-to-date another record has been set as more than 1 million TEU has already been delivered during the first four months of the year, an incr…
Container ship deliveries hit new YTD record of 1m TEU Read More »
PricewaterhouseCoopers LLP (PwC) has concluded two independent assurance engagements on the suitability of the design and operating effectiveness of controls relating to container box and ocean bulk index administration at Baltic Exchange Information S…