The Freightos Baltic Global Container Index (FBX) climbed 38% this month to a new FBX-high of $3,377/FEU, a 143% increase annually, driven by still-surging global demand and the resulting container shortage that kept rates spiking on Asia-Europe and As…
FBX Index: Current Market Summary Read More »
The ship repair hasn’t remained in a “business as usual” mode during 2020. In a recent weekly report, shipbroker Intermodal said that “by the end of 2020, the ship repair sector ends up in a completely different form than expected a year ago. From the …
Ship Repairs Focused on Drydock Postponements and Remote Attendances Read More »
Data from eeSea’s Blank Sailings Tracker is showing that 1.7% and 0.6% of head haul sailings on the three main East/West liner trades have been cancelled in February and March 2021 respectively, compared to the 19.9% and 9.4% sailings cancelled in the …
Liner Carriers Firing Few Blanks As Trade Capacity Remains Tight In Q1 2021 Read More »
As we moved through December and look forward towards 2021, market outlooks and FFA sentiment continues to fluctuate. Largely linked to consistent gains in spot prices, the majority of the front haul routes have seen a substantial upwards correction. F…
FBX Index: Looking forward Read More »
Despite the pandemic, deals for dry bulk carriers managed to reach over 500 during 2020, a level similar to 2019. In its latest weekly report, shipbroker Intermodal, “despite the market shock in the 1H2020 and the suppression of interest in SnP, the 2H…
Dry Bulk Acquisitions in 2020 Reached Similar Levels as 2019 Read More »