Activity in the newbuilding and S&P markets has been rather dull during the past week, as the summer lull is gradually coming to an end. Additionally, asset valuations have increased considerably over the course of the past few weeks, with the mark…
Ship Owners Take a Break from More Investment Read More »
More disruptions due to COVID outbreaks and a possible early summit in this year’s peak season kept ocean rates extremely high though mostly level in August, with the Freightos Baltic Global index ending the month at $10,321/FEU. That is only a 1% mont…
FBX Index Now 430% Higher Than a Year Ago, Nearly Eight Times the Pre-Pandemic Norm Read More »
The 49.2 composite reading of the Caixin/Markit China manufacturing Purchasing Managers Index (PMI) in August marks the first contraction in activity since April 2020 when China was recovering from its initial COVID-19 outbreak. The recent rise in COVI…
BIMCO: China’s 49.2 manufacturing PMI indicates falling activity in August Read More »
With prices offered for vintage tonnage under correction, buyers are pondering their next moves as there are various, contradicting opinions, on the future direction of prices. As such, activity has lowered during the course of the past week. In its la…
Ship Recycling Activity Looking for Direction After Prices Drop Read More »
Greece remains the world’s largest shipowning nation: With a fleet of 4,901 vessels, Greek shipowners control 19.42% of global deadweight tonnage (dwt). In 2020, the Greek-owned fleet grew by over 4% to approximately 364 million dwt (Figure 1)1. The ba…
Greece Still Leading Global Shipping Read More »