FBX Index May 2024: Market summary

Thu, 09 May 2024 21:00:58 +0000 The Freightos Baltic Global index fell 9% month-on-month in April to $2,384/FEU, as rates continued to ease from the pre-Lunar New Year and early Red Sea diversion-driven highs of January and February. As the decline has slowed,...

Ship Recycling Market Sees Steady Flow of Ships

Thu, 16 May 2024 21:00:59 +0000 The ship recycling market has seen a steady flow of vessels over the course of the past week, mainly from the container and dry bulk segments. In its latest market report, Best Oasis (www.best-oasis.com), one of leading cash buyers of...

Strong Southern Hemisphere harvests drive reefer shipping growth

Thu, 16 May 2024 21:00:58 +0000 After a tumultuous year in 2023, the reefer sector has started 2024 on a stronger footing as healthy crops in the Southern Hemisphere have helped to lift growth. This trend is set to continue across 2024 as a whole, with a return to...

Dirty Oil Flows to China

Fri, 10 May 2024 21:00:58 +0000 The flow of tonnes of dirty oil to China from global sources has seen a notable downturn, particularly impacting the Russian Federation, which has experienced a consistent decline since the first quarter of the year. As May began, signs...