Tanker Newbuilding Orders Dominating Activity

Wed, 15 May 2024 21:00:59 +0000 Tanker newbuilding orders have been dominating this week’s “charts”. In its latest weekly report, shipbroker Banchero Costa said that “tankers maintain their dominance in the order book. This week, an option for 2x 75,000 dwt LR1...

Dry Bulk Market: Panamax Market Insights – P6_82 Route Supply

Wed, 15 May 2024 21:00:58 +0000 Building on our Capesize Market Insights from the end of April, this week we are monitoring Panamax vessel count of ballasters in the ECSA region versus Baltic rates. The month of May presents challenges for the Capesize freight market...

LNG Newbuildings Take Center Stage

Thu, 09 May 2024 21:00:59 +0000 Demand for LNG newbuildings rose last week, with more orders being reported. In its latest weekly report, shipbroker Banchero Costa said that it was a “very busy week for LNGs with the third phase of the Qatar Energy building program....

Global soya bean exports expected to grow 8% until 2025

Wed, 15 May 2024 21:00:57 +0000 “Global soya bean exports are forecast to grow by 8% between 2023 and 2025 based on data from the United States Department of Agriculture (USDA). Stronger import demand from China will be met by larger harvests in the US and Brazil and...

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...