In May, the FBX index exhibited a consistent upward trend. The index commenced at $2,409 and concluded at $3,508 by 31 May, marking a $1,099 increase per FEU. FBX01 – China/East Asia to North America West Coast – also experienced a significant rise thr…
FBX Index June 2024: Looking forward Read More »
A shift in overall demand patterns is expected to arrive to the tanker market, after the peak demand reference point arrives. Of course, some segments are expected to benefit more than others. In its latest weekly report, shipbroker Gibson said that “o…
Tankers: Peak Demand is Coming, But Cargoes Will Still Be Plenty Read More »
Marine biofuel specialist FincoEnergies has been in the ARA market for several years and established itself as perhaps the world’s biggest supplier of biofuel blends to ships. Countless shipping firms have grabbed news headlines through trialling GoodF…
Biofuels For Bunkering: What Lies Ahead? Read More »
In April, BIMCO published a revised ship management agreement, SHIPMAN 2024, following a two-year review process involving input from shipowners, managers, P&I clubs and insurance and legal experts. BIMCO has included a number of clauses in SHIPMAN…
New age of ship management Read More »
The tanker market showed a mixed bag of results over the past month. According to the latest monthly report from OPEC, dirty spot freight rates showed mixed movement in May, with VLCCs and Aframax generally improving while Suezmax experienced a decline…
Tanker Market: A Mixed Bag During May Read More »