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An increasing number of climate-driven extreme weather events is taking its toll on the world’s major shipping routes — and El Niño could make matters worse.. El Niño — or “the little ...
Ocean shipping rates on major trade routes have fallen by more than half since the beginning of this year, a potential sign of easing inflation pressures and alleviated supply chain logjams ...
“All-in prices” of $5,000-$8,000 per container for major trade routes originating in Asia would be 2.5 to 4 times above “normal levels” for this time of year, according to Levine at Freightos.
Because the steady increase in world shipping may make it an economically viable project, speculation on a new shipping route has continued. In June 2013, Nicaragua's National Assembly approved a bill to grant a 50-year concession to the Hong Kong Nicaragua Canal Development Investment Company (HKND Group) to manage the Nicaraguan Canal and ...
Baltic Dry Index 1985 - 2022. The Baltic Dry Index ( BDI) is a shipping freight-cost index issued daily by the London -based Baltic Exchange. The BDI is a composite of the Capesize, Panamax and Supramax timecharter averages. It is reported around the world as a proxy for dry bulk shipping stocks as well as a general shipping market bellwether.
The Arctic Bridge shipping route (blue line at map) is hoped to link North America to markets in Europe and Asia using ice-free routes across the Arctic Ocean. The Arctic Bridge or Arctic Sea Bridge is a seasonal sea route approximately 6,700 kilometres (4,200 mi; 3,600 NM) long linking Russia to Canada, specifically the Russian port of Murmansk to the Hudson Bay port of Churchill, Manitoba.
International shipping company Maersk, which provides shipping for more than 100,000 customers and 130 countries, announced in mid-December that it would pause all vessels bound for the Red Sea ...
A forward freight agreement ( FFA) is a financial forward contract that allows ship owners, charterers and speculators to hedge against the volatility of freight rates. It gives the contract owner the right to buy and sell the price of freight for future dates. FFAs are built on an index composed of a shipping route for tanker or a basket of ...