FBX Index May 2024: Looking forward

Sun, 12 May 2024 21:00:57 +0000 Overall, most FBX routes saw increases in both spot prices and forward curve rates. Increased demand in Asia-European trades, coupled with ongoing Red Sea diversions and geopolitical tensions, likely contributed to these rises, although...

Is a closure in the Strait of Hormuz on the cards?

Mon, 13 May 2024 21:00:59 +0000 In a recent weekly report, shipbroker Intermodal said that “the Strait of Hormuz represents a vital artery for global trade, especially in the oil and gas industry. In this report, we will focus on how a potential blockage of the Strait...

EU ETS: catalyst for change, mired in growing pains

Mon, 13 May 2024 21:00:58 +0000 The European Union’s Emissions Trading System (ETS) continues to cause confusion and consternation for stakeholders in shipping, with questions around ballast legs, accounting for allowances, and compliance. A panel discussion at the...

High Tanker Prices Dent Sales Transaction Volume

Tue, 14 May 2024 21:00:59 +0000 High tanker prices appear to be acting as a block to more agreements moving forward, despite the fact that demand is evident. In a recent weekly report, shipbroker Xclusiv said that “the tanker sale and purchase market present an...

FuelEU Maritime: How to prepare for compliance

Tue, 14 May 2024 21:00:58 +0000 FuelEU Maritime sets requirements on the well-to-wake GHG intensity of energy used for ships trading in the EU/EEA from 1 January 2025. The first step is to prepare and submit a monitoring plan to an accredited verifier by 31 August...