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Will the bull market continue for shipping futures, which surged by 402%?
From the performance of the spot market, as the freight level gradually increases, the market acceptance is also orderly advancing, and the current spot freight has not seen the top. Maersk CEO Soren Skou said, "We still don't know how much cost we can recover, and how long it would take to recover our costs, but the high rates we see for now are only temporary."
Index of shipping collective surges! Marine transportation situation explodes, will the high running cost in the second half of the year become a fixed pattern?
Baltic Dry Index Jumps to Nearly Two-month High as Capesize Spot Rates Spike
Genco Shipping & Trading Analyst Ratings
Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 07/01/2024 25.14% Alliance Global Partners $25 → $27 Maintains Buy 05/10/2024 39.05% B. Riley Securities $
Express News | Genco Shipping & Trading Ltd : Alliance Global Partners Raises Target Price to $27 From $25
Glimmer Of Hope Despite Challenges In Global Shipping Environment
The World Trade Organisation (WTO) revised its forecast for global trade volume growth to 2.6% from an earlier 3.3%, citing reduced water levels in the Panama Canal due to severe drought conditions.