Fitch Ratings has revised its outlook for shipping to deteriorating from neutral, reflecting the challenges facing Container Shipping. We forecast that Tankers and Dry Bulk will remain stable, with the former the most likely to perform well. The easing…
Fitch Ratings: Global Shipping Outlook Worsens on Lower Container Freight Rates Read More »
From mid-2020, global container export volumes saw strong growth, and combined with increasing port congestion it caused supply chain challenges and historically high liner operator financial results which have been the norm since. In September 2022, h…
Global container volumes fall 9.3% y/y as historic growth cycle ends Read More »
Shipping’s value chain can expect continued pressure on targets and commitments until it clearly aligns with an IPCC-derived definition of the steps needed to avoid temperatures rising above 1.5C. This pressure will come both from the policy process at…
It is quite an exciting time from the standpoint of container futures, with the market slide that started at the end of February 2022 now sitting at levels that are recognizable to 2019 and drawing in a dramatic increase in buy-side interest. Futures m…
FBX Index December: Looking forward Read More »
Capesize The Capesize market was in a ‘one step forward, two steps back’ mode this week. The average of the 5 time charter routes eventually settled at $12,598, a decline of $775 week-on-week. Despite tightness in both basins, especially for December c…
Dry Bulk Market: Positive Signs Are Starting to Emerge Read More »