The tanker market has witnessed a seasonal dip during the month of December, OPEC said in its latest monthly report. Dirty spot freight rates experienced a seasonal dip in December despite increased uncertainties along key routes that added upward pres…
Tanker Market: Seasonal Dip Experienced in December Read More »
Suez Canal diversions will inflate container shipping costs for as long as the situation lasts, but trade always finds a way, even if it takes a bit longer than usual. Inevitably, public interest in the global supply chain increases whenever there is a…
Red Sea crisis diverts attention back to shipping Read More »
Escalating tensions in the Red Sea have far-reaching implications for global shipping and commodity markets. Risks posed to oil, LNG, metals, and agricultural markets include disruptions, longer shipping times, and increased costs. As the situation evo…
Repercussions of Red Sea hostilities Read More »
The dry bulk market’s downturn over the past few days could persist over the coming weeks, as we’re entering a traditionally “soft” patch of each year, around China’s New Year celebrations. In its latest weekly report, shipbroker Xclusiv said that “the…
The Dry Bulk Market’s Latest Headwinds Could Intensify Read More »
Indices and futures bid/ask levels have firmed dramatically in recent days and weeks because of the Red Sea crisis. Container freight rates have surged globally, affecting various trade routes. The transatlantic shipping route is experiencing rising sp…
FBX Index January 2024: Looking forward Read More »