FBX Index August 2024: Awaiting the ILA union

Market developments in August played out largely as expected. In general, rate levels continued to abate following a peak in July, although with a minor short-lived rebound on the transpacific trade, for example.

LIBYA'S PATH TO STABILITY: NAVIGATING POLITICAL AND ECONOMIC TURMOIL

Iakovos ( jack ) Archontakis
Commercial Director TMC SHIPPING

The current situation in Libya remains complex and challenging. Recently, tensions have escalated, undermining confidence in the country's economic and financial stability.

The Chinese shipbuilding industry is experiencing

The Chinese shipbuilding industry is experiencing a significant expansion, driven by strong newbuilding demand and the need to meet growing global shipping needs.

Celestyal launches new ‘Heavenly Autumn Sailings’ campaign

- Celestyal has launched an Autumn savings campaign, available on new bookings made until October 31, 2024.

Brief report and predictions for next week for handy and supramax sizes 30TH August 2024

HANDYSIZE

• USG/USEC: The market was supported by new orders and stable supply. Furthermore, trips to Asia and the West Coast gathered interest. Expect the market to remain firm for the following week.

Capes continued to lead the dry bulk cargo market

Iakovos (Jack) Archontakis
Commercial Director TMC MARITIME CO.

Dr. Fotios-Evangelos Karlis
Maritime Executive and Consultant

The dry bulk cargo market was up, compared to the previous week, thanks to Capes being the only sector to move up.