As if the container shipping capacity wasn’t sufficiently unpredictable, the past month has seen the uncertainty taken up a notch for 2024. Let us start with the element for which there is the least uncertainty: overcapacity. Carriers are taking delive…
FBX Index November 2023: Ramping up the uncertainty Read More »
The shipping industry is already in the process of entering a new era, through its inclusion in the EU’s Emissions Trading Scheme. However, issues over who’s liable for the added costs remain. In its latest weekly report, shipbroker Gibson said that “i…
ETS: A “Headache” Over Who Pays Read More »
Capesize The capesize market started the week on a sluggish note with the PPA conference in Perth creating a quieter atmosphere, leading to reduced trading volumes in the Pacific and a softening of rates. Despite some stabilisation in conditions midwee…
Dry Bulk Market: Challenging Week for Capesizes Read More »
Any hopes of a revival in long-term ocean freight shipping rates were short-lived after the latest data from Oslo’s Xeneta indicated the market is once again in decline. In September, the Xeneta Shipping Index (XSI®), which tracks real-time rates devel…
The EU has imported 76.5 million tonnes of LNG during 2023 (Jan.-September), an increase of 4.4% versus last year, with US accounting for 43.7% of the total seaborne imports. In its latest weekly report, shipbroker Banchero Costa said that “global seab…
EU’s LNG Imports Rise By 4.4% So Far in 2023 Read More »