Coal carriers can look forward to a 26m-tonne increase in movements of the black rock by sea this year, although that increase springs off the lower baseline of pandemic-struck 2020. Statistics from global energy analyst IEA put 2020 trade volumes at a…
Muted coal recovery in 2021 Read More »
The tanker market has entered 2021 with renewed optimism thus far, despite estimates of the opposite. In its latest weekly report, shipbroker Fearnleys said that in the VLCC market “there was hope in the air for the first full trading week of the New Y…
Tanker Market Starts the Year on a Positive Note Read More »
Despite the alarming headlines in the spring of last year, container shipping proved remarkably resilient in 2020 in terms of volumes as well as freight rates. After a 5.0 million TEU (7.3%) drop in volumes in the first five months of the year, volumes…
Global container volumes down 1.7% in first 11 months of 2020 Read More »
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 »