During the first week of October, the VLCC MEG China rates experienced a downward revision, amid hopes of a recovery. Looking at the demand, growth rates are still significantly lower than what they were the previous year leading to a negative sentimen…
The implementation of the Carbon Intensity Indicator is a significant milestone in the shipping industry’s journey towards decarbonisation, but it has inherent problems. The industry is calling on the International Maritime Organization (IMO) to …
CII review set to address issues Read More »
During the first nine months of 2023, coal shipments to the world’s second largest importer of seaborne coal, India, fell 9% y/y. A 12% y/y rise in domestic coal mining replaced imports and electricity production continued to rise despite lower product…
Coal shipments to India fall 9% as domestic mining increases Read More »
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 »
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’…