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…
As we enter the fourth quarter of this year, the market is showing a strong resurgence with rates increasing year-over-year. Notably, Capesize Brazil to North China rates have exceeded $20 per tonne. This significant upswing in the freight market’…
The splintering of the world political order is changing who buys what from whom. More diversity in trading partners offers hope to improve woeful container imbalances. The following is an extract from Drewry’s latest Container Forecaster report, just …
Relocate, relocate, relocate Read More »
The ship recycling market hasn’t shown any signs of vibrancy over the past week, apart from, perhaps Indian recyclers, who’ve been more active. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “as we enter the Autumnal season wh…
Ship Recycling Activity Enters “Slow Season” Read More »