Yearly Archives: 2024
Baltic Exchange’s Dry Bulk Sea Freight Index Drops
The overall index.BADI, which factors in rates for capesize, Panamax, and supramax shipping vessels.
Iron ore futures dipped for a third consecutive session.
...
Newbuild orders at Chinese yards Raise 2023
Newbuilding orders marked a 63.8% increase year-on-year.
Orders on hand increased to 134.09 million dwt by the end of November.
Eighteen major Chinese...
Global Bunker Indices Set For Unwavering Descent
Anticipating a firm downward trend in Global Bunker Indices.
Singapore and Fujairah remained overcharged, with decreased overpricing margins.
MABUX World Bunker Index recorded...
GTRI Predicts 60% Surge In Shipping Costs And 20% Rise In Insurance Premiums
The Red Sea crisis is expected to increase shipping costs by up to 60% and insurance premiums by 20%, according to a GTRI...
2024 Dry Bulk Market Starts Muted And Sedated
Challenges in the Atlantic market with a tightening tonnage list and bid-offer price gap widening.
Panamax market started sedately post-Christmas, with rates under...
Overview Of The EU’s Emission Trading System For Shipping
Cap and trade initiative covers carbon emitters, gradually reducing allowances over time.
The responsibility for ETS compliance primarily falls to the shipowner.
The...
Renewable Energy Surge And E-Fuels: A Transformative Impact
IEA anticipates a surge in renewable electricity capacity, potentially lowering prices.
The transition faces challenges in vessel adaptations.
IEA's insights into the evolving...
Will Shipping Stocks Rally Due To Red Sea Woes Be Sustained
Shares of major European maritime shippers such as Maersk and Hapag-Lloyd have substantially surged in value due to Red Sea disruptions, with increased costs...
Box Shipping Faces Disruption & Congestion
As the climate disruption in Panama and the spread of the Middle East conflict restricts the flow of trade on both the Pacific and...
Port Of Virginia Leads the Race For Clean Energy
The Port of Virginia rang in the New Year by celebrating an impressive accomplishment: it is now entirely powered by clean energy, becoming the...