January was clearly a volatile period, but by the end of the month it appears the developments are beginning to cool off. Asia to Europe trades, which are the ones most heavily impacted by the Red Sea crisis, saw spot rates level out and decline ever s…
FBX Index February 2024: Settling into a temporary new normal Read More »
In the ever-changing seas of the marine insurance industry, foresight and preparedness are the beacons that guide a ship through uncharted waters. Marine insurance, particularly Protection and Indemnity (P&I) clubs, is at a crossroads, facing chall…
The Evolving Role of P&I Clubs: Stability vs. Competition Read More »
The tanker market could be impacted by Venezuela’s oil supply moving forward. In its latest weekly report, shipbroker Gibson said that “despite a partial lifting of sanctions against Venezuela in October last year, the US is now set to reimpose sanctio…
Tanker Market and Venezuela’s Oil Read More »
Capesize Throughout the week, the capesize market experienced a mix of subdued and positive conditions across different regions. The Pacific started with a marginal decline in rates on C5 due to a lack of coal enquiry and port closures in North China c…
Dry Bulk Market: A Mixed Bag For Capesizes This Past Week Read More »
This year 2024 marks a milestone in the acceleration of digitalization in shipping – the mandatory “Maritime Single Window”. The requirement under the Convention on Facilitation of International Maritime Traffic (FAL), requires Governments to use a sin…
Maritime Single Window – advancing digitalization in shipping Read More »