The ship recycling market is heating up, as surging commodity prices are leading to increased prices offered for vintage tonnage as well. In its latest weekly report, shipbroker Clarkson Platou Hellas commented that “the lack of tonnage and increasing …
More Tonnage Expected to Be Sold for Scrap As Prices Rise Read More »
Representatives of the global shipping industry, supported by governments, have laid out proposals on how a planned global R&D fund can be tailored to support developing economies. Updated proposals submitted to the UN International Maritime Organi…
As we entered February, the trends carried over from 2021. Congestion in global supply chains created as a result of the pandemic are slowly easing but remaining supportive of the freight markets with a very minor pull back Asia-Europe and Mediterranea…
FBX Index March: Looking forward Read More »
China and the EU were the main destinations of Russian seaborne coal exports during 2021. In a recent weekly note, shipbroker Banchero Costa said that “following a disastrous 2020, with the world hit by lockdowns and recession pretty much everywhere, g…
The Chinese New Year period is typically one of steady rate declines as the seasonal market weakness takes its toll. However, although five weeks have now past since we entered the Year of the Tiger, the market has not seen much in terms of added weakn…
FBX Index: An unsettled and uncertain market Read More »