Declining spot rates on the Far East to US West Coast and East Coast ocean freight trades have converged with historically strong long-term rates, presenting business opportunities for both carriers and shippers. According to the latest market intellig…
The Panama Ship Registry has grown in tonnage by 9.6%, adding 20.4M GT between July 2019 when the current administration took over, and July 2022 (as of today) with a total tonnage of 239.4M GT. The Panamanian fleet is composed of 8,587 vessels at July…
The Panama Ship Registry has grown 9.6% since 2019 Read More »
Ship owners, shipbrokers and industry stakeholders have slowed down their discussions for new deals in the newbuilding and S&P markets, as the summer lull is upon us. In its latest weekly report, shipbroker Allied Shipbroking said that “the newbuil…
Ship Investment Activity Slows Down on Summer Lull Read More »
Through to the end of July, we saw an abrupt resumption of volatility in container freight spot markets as we move into the third quarter of 2022, a seasonal demand peak largely expected to support spot prices in the short term. This is in stark contra…
FBX Index August: Looking forward Read More »
BHP has partnered with Pan Pacific Copper (PPC), a member of JX Nippon Mining & Metals group, and Norsepower, the leading global provider of auxiliary wind propulsion systems, to reduce greenhouse gas (GHG) emissions from maritime transportation be…