Proposals for global tax reform have the potential to undermine the tax policies applied to shipping. The OECD, with increasing support from the G7, plans radical reform of taxation of large multi-national companies. The introduction of a “global minim…
Tax reforms could shake shipping Read More »
Non-stop demand, as well as the lingering impacts of the Suez blockage drove a 19% increase in the Freightos Baltic Global Container Index (FBX) in May to a new high of $5,230/FEU. Delays – though not as severe as some had anticipated – and the resulti…
FBX Index May: Market Summary Read More »
The rally in commodities’ prices has underpinned one of the best dry bulk markets in over five years, given the scale and duration of the existing upward trend. In its latest weekly report, shipbroker Allied Shipbroking said that “things in the dry bul…
Dry Bulk Market Exceeds Expectations, But is The Current Trend Sustainable? Read More »
Many agricultural trades have been exceptionally strong in 2021 and several grain types have experienced record high exports. US corn exports are no exception, reaching a record high of 49.1 million tonnes between 1 September (when the marketing year s…
A recent study on the upcoming FuelEU Maritime proposal finds that a promotion of biofuels may raise serious enforcement concerns, as a mandatory fuel standard is aimed to apply to fuels purchased also outside the EU. This could jeopardise the achievem…