In the second week of February, the sentiment surrounding crude oil freight rates remained unstable. VLCC MEG-China rates showed signs of gathering strength, indicating a firmer momentum. Conversely, in the clean segment, LR2 MEG-Japan rates displayed …
In January 2024, the FBX container futures market was subject to geopolitical events, volatile indices, and forward curve movements, dramatically shifting the landscape for traders and hedgers. The month unfolded against a backdrop of heightened politi…
FBX Index February 2024: Looking forward Read More »
The second week of February began with a rebound in the Baltic Capesize Index, surpassing the 2,000 points mark, one of the highest points seen in the last two weeks. Meanwhile, smaller vessel size categories continued to trend downward. It remains to …
“In 2023, the container market grew 0.2% year-on-year, ending at 173.8 million TEU. Compared to 2019, before the COVID pandemic hit, the market grew 1.5%. Container market growth has lagged behind overall economic development significantly, as the worl…
Container market grows a modest 0.2% y/y in 2023 as the fleet swells Read More »
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 »