Despite the alarming headlines in the spring of last year, container shipping proved remarkably resilient in 2020 in terms of volumes as well as freight rates. After a 5.0 million TEU (7.3%) drop in volumes in the first five months of the year, volumes…
Global container volumes down 1.7% in first 11 months of 2020 Read More »
The Freightos Baltic Global Container Index (FBX) climbed 38% this month to a new FBX-high of $3,377/FEU, a 143% increase annually, driven by still-surging global demand and the resulting container shortage that kept rates spiking on Asia-Europe and As…
FBX Index: Current Market Summary Read More »
Data from eeSea’s Blank Sailings Tracker is showing that 1.7% and 0.6% of head haul sailings on the three main East/West liner trades have been cancelled in February and March 2021 respectively, compared to the 19.9% and 9.4% sailings cancelled in the …
Liner Carriers Firing Few Blanks As Trade Capacity Remains Tight In Q1 2021 Read More »
As we moved through December and look forward towards 2021, market outlooks and FFA sentiment continues to fluctuate. Largely linked to consistent gains in spot prices, the majority of the front haul routes have seen a substantial upwards correction. F…
FBX Index: Looking forward Read More »
The freight derivatives markets for both tankers and dry cargo vessels saw increased traded volumes in 2020, according to data released by the Baltic Exchange. Tanker Forward Freight Agreement (FFA) volumes were up 31% on the previous year, reaching 60…
2020 volatility lifts freight derivative volumes Read More »