June has been earmarked by some as the time when container markets have finally come under genuine pressure, with the FBX Global Average dropping down -8.63% since the start of the month. The big driver for forward market prices was supposed to be link…
FBX Index July: Looking forward Read More »
The container market has definitely turned, but don’t expect a swift normalisation, says Drewry’s latest Container Forecaster report. It certainly feels like we are at the beginning of the end of the container market bull run. The slide in spot rates h…
Beginning of the end for carriers’ bull run Read More »
The global supply chain continues to be plagued with severe congestion, which in turn has ramifications for the supply/demand strength of the ocean related part of container shipping. The newest data from May from Sea-Intelligence shows no strong impro…
FBX Index: Slight shift towards market weakness Read More »
Capesize A mild week for the Capesize sector saw rates trundling sideways with small pockets of encouragement. However, there was nothing to initiate a push out of the recent trading range as the 5TC softened 130 week-on-week to settle at $19,745. A br…
Dry Bulk Market: Softness Across the Board Read More »
Tightness in products still trumps talks of recession Last month we wrote about the fears of recession versus the tightness in product markets and that tightness in products was definitely ‘winning’. Another month on and it’s oil products that are agai…
Why are VLSFO prices so high, especially in Singapore? Read More »