CTRM241115C5000
- 0.05
- 0.000.00%
Castor Maritime Newsroom
Why did the European shipping route rise strongly?
Recently, the European futures prices have shown strong upward momentum. Market analysis suggests that the price support and implementation status of major airlines need to be closely monitored. Please see the details below.
European freight rates soar and plummet! A comprehensive analysis of the logic behind the fluctuations and two key points of focus.
This week, the freight index (Europe route) experienced large fluctuations, with the European freight index 2412 contract dropping by 25.21% on October 8, approaching the limit down; rising by 13.76% on October 10; hitting the limit up on October 11, with an increase of 13.84%, closing at 2494.3 points.
Global Trade To Increase 2.7% In 2024: WTO
Castor Maritime Takes Delivery Of 2020-Built Kamsarmax Bulk Carrier M/V Magic Ariel, Financed With Cash On Hand
Castor Maritime Inc. Announces Delivery of the M/V Magic Ariel
What is the reason for the sharp drop in the freight index? Logic sorting and analysis of the decline in European freight rates.
Since the opening after the National Day holiday, the freight index (European line) futures have plummeted, with the 2412 contract dropping more than 20% from the pre-holiday high of 2540.4 points, closing at 1893 points this morning.
Express News | Baltic Dry Index falls to more than one-month low.
Why Oil and Gas Markets Are Dreading the Risk of Supply Disruption in the Strait of Hormuz
Castor Maritime Takes Delivery of Containership Vessel
Castor Maritime Inc. Announces Delivery of the M/V Raphaela
12 Industrials Stocks Moving In Wednesday's After-Market Session
After nearly half a century, there is a large-scale strike at the USA docks again. How will the freight rates on the USA routes develop?
①On the early morning of October 1st local time in the usa, ILA officially announced a strike; ②The industry believes that changes in freight rates may be reflected after the holiday, but there are many uncertain factors, and it is still necessary to pay attention to the subsequent negotiations between labor and management and the situation of the supply chain.
A general strike is imminent, with port employers in the USA proposing a 50% pay raise.
The United States Maritime Alliance (USMX) has announced a nearly 50% increase in dock workers' wages in an effort to resume negotiations with the International Longshoremen's Association (ILA).
Castor Maritime Announces $29.95M Acquisition Of 2020-Built Kamsarmax Bulk Carrier, With Delivery Expected In October 2024
Major bank rating | JPMorgan: Industry forecasts show that future shipping demand will slow down in the coming months, lowering Orient Overseas target price to HK$166.
According to the industry forecast, the demand is expected to slow down in the coming months, but it is anticipated that freight rates in the fourth quarter will not have a significant adjustment. Looking ahead to 2025, the industry's supply and demand imbalance situation may improve.
usa's supply chain crisis strikes again! A major port strike is imminent, and the autos industry will be impacted.
① There is a high probability that tens of thousands of union members at ports along the East Coast of the USA and the Gulf of Mexico will go on strike starting from October 1st, affecting around 60% of the total shipping volume in the USA; ② According to experts' analysis, in terms of exports in the USA, the most affected commodity is plastics resin, while in terms of imports, the industry most affected is the automotive industry, especially considering that auto parts are important import products for the USA.
Is the East Coast port strike about to explode? Shipping companies are adding fees to cope, causing a sharp increase in Maersk's stock price.
①Maersk B-shares traded in Denmark rose nearly 4.9% at one point, reaching the highest level since August 2, with a cumulative increase of nearly 20% in the past two weeks; ②Maersk stated that even if the trade unions in the usa only lasted one week, it could still have a huge impact on the supply chain, causing four to six weeks of interruption.
Is the supply chain tension coming back? A major strike by port workers in the USA is imminent, accounting for 41% of total throughput in the country.
The upcoming port strike may close all ports along the East Coast and Gulf of Mexico for 36 days before the election, resulting in a more severe paralysis of the supply chain than during the COVID-19 shutdown.
usa may see its first strike since 1977! Well-known financial blogger: the $240 billion supply chain will "paralyze".
FX168 Financial News Agency (Asia-Pacific) News According to the well-known financial blog ZeroHedge, the large supply chain logistics operator Flexport in the United States has warned that the imminent port strikes before the November presidential election in the United States have raised concerns, with the threat of strikes at ports along the East Coast and the Gulf Coast approaching.
Castor Maritime Entered, Through A Separate Wholly-Owned Subsidiary, Into An Agreement To Acquire A 2009-Built 1,850 TEU Containership Vessel From An Unaffiliated Third-Party For A Purchase Price Of $16.49M; Expects To Finance The Acquisition With...