July, which usually marks the peak season getting into full swing, continues to see declining spot rates. As an example, the global FBX weekly index declined 7% during July and is down 37% compared to the peak associated with Chinese New Year. Whilst s…
FBX Index: The long slide downwards is in motion Read More »
Retail sale is a key driver of European container imports. In early 2020 and early 2021 retail sales volumes in the EU and the UK suffered setbacks due to COVID restrictions, but recently, high inflation and historically low consumer confidence have be…
EU retail sales volumes fall 1.3%, indicating further weakening of container imports Read More »
The ship recycling market has remained in a difficult state with very few demolition candidates. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “there was more upheaval to report this week, this time coming from Bangladesh, wh…
Ship Recycling Market in Dire Straits Read More »
Container shipping capacity between the Far East and the US East Coast has risen sharply from last year as shippers have shifted volumes towards the East Coast (USEC) and away from the West Coast (USWC) – and carriers have responded by adjusting their …
A new Concentrated Inspection Campaign (CIC) has been announced by the Paris and Tokyo MOUs (Memoranda of Understandings), specifically focusing on STCW compliance. So, ship owners, operators, Masters and crews should now focus on the specific details …
Ships to undergo CIC inspections focused on STCW compliance, Paris and Tokyo MOUS reveal Read More »