Bulker spot rates hit some of the highest levels in around 13 years this year as pent-up demand unwound, following the depressed markets of mid-2020. Discussion in early 2021 focused […]
The Grinch returned to the dry bulk market on Wednesday and the Baltic Dry Index plunged to a low not seen since April. The drop came on the back of […]
Slowing property and infrastructure markets in China will likely remain lackluster next year, an industry conference was told. The prospects cast a shadow over the country’s steel production which underpins […]
Maritime Strategies International is bearish on the prospects for the dry bulk market looking ahead into next year. Market dynamics have shifted to negative over the past few months, driven […]
Chinese demand for iron ore and metallurgical coal, which contracted this year as steel production slumped on the weakening residential property market, is expected to return to growth next year, […]
Projected growth in overall coal use is set to hit record highs over the next two years, due to rapid economic recovery, according to the International Energy Agency. “With electricity […]
A beleaguered US coal market surpassed 61 MMT in total exports as of October, expanding by over 14 MMT (+30%) y-o-y, and making up much of the ground lost in […]
China’s January-November steel output remains down on the year, but figures are set to rebound every month after steel makers completed 2021 output cut requirements. Steel production is set to […]
Giant Greek shipowner Star Bulk Carriers is betting on a continued bulker “upcycle” due to the lack of newbuilding orders. US investment bank Jefferies said the New York-listed company’s executives […]
Showered with cash like never before, what is it that containership owners know that the rest of us have yet to work out? Newbuild prices are considerably elevated and most […]
