Global long-term shipping rates sank to a two-year low in July, with the latest data from Xeneta’s Shipping Index (XSI®) showing a fall of 9.5% since June, adding to a deep collapse that started last year. Long-term valid contract rates have now lost 5…
Capesize After a slow beginning to the week, the Capesize market experienced a surge on Wednesday with a rise of over $2,500 in a day on its five timecharter routes average. The week closed at $15,180 with +$3,222 week-on-week. Both fronthaul and trans…
Dry Bulk Market: Capesize Segment Edged Higher This Week Read More »
Container shipping equities have started recovering after significant declines in 2Q23, anticipating an uptick in demand with the peak season’s arrival, albeit later than historical standards. The Drewry Container Equity Index increased 10.4% in July (…
Drewry: Container Equity Index Up 10.4% in July Read More »
Cargo liquefaction still remains the greatest contributor to loss of life associated with bulk carrier losses while grounding remains the main cause of ship losses, according to the recently published Bulk Carrier Casualty Report 2013-2022 from INTERCA…
The International Monetary Fund’s (IMF) latest World Economic Outlook (WEO) update in July paints a picture of near-term resilience amid persistent challenges for the global economy. Global growth is projected to decelerate from 3.5 percent in 20…
Economic Resilience Tempered By Persistent Challenges Read More »