The Freightos Baltic Global index remained stable to end the year, increasing just 1% in December to $9,43/FEU, though rates are still 179% higher than a year ago and more than 6X the pre-pandemic norm. In this year’s version of the post-peak season an…
FBX Index December: Market Summary Read More »
China’s tensions with Australia led to a significant increase in iron ore imports from Brazil, which now accounts for 22.5% of global iron ore shipments. In a recent report, shipbroker Banchero Costa said that “2021 has proved fairly robust, but far fr…
Dry Bulk: A Shift in Ton-Mile Demand Supported Rates in 2021 Read More »
Market summary The dry bulk and container market balance is expected to remain stable in 2022, while freight rates may face correction when vaccines reduce pandemic impacts. We believe the strength in global containerized trade has had a profound impac…
Shipping market outlook 2022 Container vs Dry bulk Read More »
During last year’s COP26 talks in Glasgow, a maritime-focused side event was held , entitled “Shaping the Future of Shipping.” While certain positives did come out of the gathering, it is difficult not to conclude that an opportunity was missed. On the…
How we can shape the future of shipping, today Read More »
OPEC+ decided to maintain its higher crude oil production during the month of February, a move which is expected to support the crude tanker market in the short term. In its latest weekly report, shipbroker Gibson said that “the first key item on the a…
Tankers Expected to Benefit From Latest OPEC+ Decision Read More »