The implementation of the Carbon Intensity Indicator is a significant milestone in the shipping industry’s journey towards decarbonisation, but it has inherent problems. The industry is calling on the International Maritime Organization (IMO) to …
CII review set to address issues Read More »
The tanker market is starting to fulfil its potential over the past few weeks. In its latest weekly report, shipbroker Intermodal said that “over the past month we have seen a resurgence in oil tanker freight rates as the Baltic Dirty Tanker Index (BDT…
Tanker Market on the Rise Read More »
During the first nine months of 2023, coal shipments to the world’s second largest importer of seaborne coal, India, fell 9% y/y. A 12% y/y rise in domestic coal mining replaced imports and electricity production continued to rise despite lower product…
Coal shipments to India fall 9% as domestic mining increases Read More »
The Freightos Baltic Global index decreased 23% month on month in September to $1,177/FEU as rates fell throughout the month from GRI-driven levels achieved in August across all the major trade lanes, including a rate collapse for Asia – N. Europ…
FBX Index October 2023: Market summary Read More »
The newbuilding market is in full swing it seems, as more and more contracting is being reported. In its latest weekly reports, shipbroker Allied said that “apart from the confirmation of CMA CGM’s order for 8 methanol-DF vessels (reported week 25) and…