Dry Bulk Market: Capesize Market Posts Strong Bounce This Week

Sun, 12 May 2024 21:00:58 +0000 Capesize Following the UK Bank holiday, Tuesday marked a strong start for the Capesize market with rising rates in both the Pacific and Atlantic regions, driven by increased miner activity and healthy cargo volumes particularly in the...

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...