We expect dry bulk market demand and supply balance will be stable in the coming years. However, our data-driven forecasting models predict freight rates will face correction and decline by 30% in the coming quarters as vaccines become more widely avai…
Dry bulk Market: Vaccine, a double-edged sword Read More »
When it comes to commodities, risk is always as big as the planet.” That statement from insurance broker and risk advisor Marsh in its recent Risk Outlook speaks to the many and varied risks that global commodities face today, risks that shipping inher…
Commodity risk “as big as the planet” Read More »
More disruptions due to COVID outbreaks and a possible early summit in this year’s peak season kept ocean rates extremely high though mostly level in August, with the Freightos Baltic Global index ending the month at $10,321/FEU. That is only a 1% mont…
FBX Index Now 430% Higher Than a Year Ago, Nearly Eight Times the Pre-Pandemic Norm Read More »
The 49.2 composite reading of the Caixin/Markit China manufacturing Purchasing Managers Index (PMI) in August marks the first contraction in activity since April 2020 when China was recovering from its initial COVID-19 outbreak. The recent rise in COVI…
BIMCO: China’s 49.2 manufacturing PMI indicates falling activity in August Read More »
VLSFO and LSMGO grades are widely available in Europe and Africa, while HSFO is in tight supply for prompt deliveries in certain ports this week. Low sulphur fuels are generally readily available for prompt deliveries in major ports across Europe and S…
ENGINE: Europe & Africa Bunker Fuel Availability Outlook Read More »