Container shipping could be headed into a prolonged rate war as cash rich carriers battle falling demand and a sharp increase in supply. Speaking at TOC Asia Alan Murphy, CEO […]
Chinese officials briefed the market on its Covid-19 prevention and control measures earlier today, and disclosed the vaccination rates among its elderly population is increasing and will continue to be […]
London-listed Taylor Maritime Investments (TMI) has declared its offer to acquire all the issued ordinary shares in Grindrod Shipping “unconditional in all respects.” The Ed Buttery-led TMI, through its subsidiary […]
Container freight rates might be falling with unprecedented speed, but AP Moller-Maersk chief executive Soren Skou remains optimistic about contract negotiations. Analysts have said lines face some tricky talks over […]
Prospects for dry bulk shipping remain uncertain as questions loom over what China will do with its zero-Covid policy. Analysts including Goldman Sachs believe China may loosen the all-or-nothing approach […]
China’s consumer market continues to show significant weakness. As we reported earlier, retail sales rose year-on-year by 2.5% in September but inflation rose year-on-year by 2.8%. It was concerning that […]
The largest protests seen in China since the Tiananmen Square massacre of 1989 have spooked financial and commodity markets today. Both the Hong Kong and Shanghai stock markets closed on […]
Despite myriad doom and gloom headlines based on rapidly declining spot rates, an influential container expert is forecasting liner shipping will post a full-year net profit of $223.4bn, a 50.6% […]
After registering over 11 MMT of imports in both March and April before hitting a record 12 MMT in May of this year, China’s seaborne bauxite intake began a halting […]
