October provided a bit of a shock to the container market with the development of a pre-US East Coast port strike market quickly dashed, only to be potentially postponed into January 2025. This could be exacerbated with the potential impact of the US e…
FBX Index November 2024: Looking forward Read More »
Capesize The Capesize market experienced steady improvement this week, supported by robust demand and active trading in both the Atlantic and Pacific basins. Starting the week on a stable note, the BCI 5TC index rose gradually from $15,332 on Monday to…
Dry Bulk Market: Capesizes See Steady Improvement Read More »
The Wider European refining landscape is under pressure. Margins have suffered due to high volumes of middle distillates arriving from the Wider Arabian Sea, plus robust diesel imports from the US and Russia. In the export market, PADD 1’s demand for E…
LR2s poised to benefit from structural change to Europe’s clean tanker market Read More »
Orders of new container vessels are up by ~52% year-on-year with 254 new contracts placed in 2024, compared to 167 in the corresponding period of 2023 according to a new report by VesselsValue, the data intelligence arm of maritime data and freight man…
Container vessel orders up by over 50% in 2024 Read More »
The US East Coast port strike only lasted for three days, yet the ripple effects from the strike will be felt until mid-November. The resultant pile-up of vessels with cargo to be handled was mainly taken care of within the first three weeks of the str…
FBX Index October 2024: On track for a new early peak Read More »