In the ever-evolving world of maritime finance, shipowners have experienced a sea change over the past two years. According to ship finance specialist oceanis’ Q3 2023 report, banks, debt funds, and lessors have “showered” shipowners with relativ…
Changing seas of ship finance Read More »
The Freightos Baltic Global index increased 16% month on month in August to $1,530/FEU, driven by early-month ex-Asia GRIs and backed by both improving volumes and stricter capacity management measures. This rate is 13% higher than in 2019 and 73% lowe…
FBX Index September 2023: Market summary Read More »
Even though newbuilding activity has increased over the past couple of months, it remains below last year’s level. In its latest weekly report, shipbroker Allied Shipbroking said that “total contracting remains below last year’s pace as earnings …
Newbuilding Activity Still Behind 2022 Levels Read More »
Faced with tough competition for greener fuels from other sectors, new 2030 maritime emission targets hang in the balance. According to the latest edition of DNV‘s Maritime Forecast to 2050 the shipping industry will find it challenging to secure enoug…
Shipping in ‘decisive decade’ to meet tighter emission targets Read More »
The first week of September brings a downward movement in crude oil freight rates and a continued downward trend in VLCC tonne days demand growth. MEG -Rates for China have now fallen to their lowest levels since the beginning of this year, but there i…