Ocean freight container shipping spot rates have increased dramatically in recent months, but the long term market has been insulated from this volatility in comparison – perhaps until now. The Global XSI®, which covers all valid long term contracts in…
This week’s chart underscores the upward trend in the monthly quantity of Russian crude oil shipments to the Central Mediterranean and the Sea of Marmara. Italy has emerged as the leading destination country, reflecting a significant shift in tra…
Tanker Market Monitor: Russian crude oil shipments Read More »
The Freightos Baltic Global index increased 14% month-over-month (MoM) in July to $5,073/FEU – with most of that climb taking place early in the month – surpassing the February peak by 47% and its 2019 level by more than 270% as peak season demand, com…
FBX Index July 2024: Market summary Read More »
Supply/demand balance We expect the supply/demand balance to strengthen in 2024 but weaken in 2025. Supply is estimated to grow by 3-4% in 2024 and 1.5-2.5% in 2025, while demand is projected to grow by 4.5-5.5% in 2024 and weaken by 1-2% in 2025. Frei…
BIMCO Expects the Supply/Demand Balance to Strengthen in 2024, But Weaken in 2025 Read More »
This week’s chart illustrates the increase in the monthly volume of Brazilian iron ore shipments during May, June, and July this year, following a notable drop recorded during the first quarter. In July, there was a 13.4% increase in the monthly …
Dry Weekly Market Monitor: Ukrainian Grain Shipments to All Destinations Read More »