The new coronavirus variant appears to have given a boost to share value of container shipping companies, underlying concerns about further supply chain disruptions. The expectation is that the Omicron […]
A very tight vessel supply should keep the dry bulk sector afloat over the next few years despite lower demand for iron ore from China, according to market experts. The […]
Brazilian soybean exports in November almost doubled on the year amid strong demand from China, according to the country’s foreign trade department, or Secex. A higher-than-expected soybean exports from Brazil […]
The omicron strain of Covid-19, first identified in South Africa last week, is already causing havoc to crew change operations around the world. Travel restrictions have been rushed in at […]
More than 50 ships were waiting on Monday to unload at the beleaguered Port of Vancouver, still dealing with the impacts of a major storm two weeks ago and ongoing […]
Bulk carriers are considered the mainstay of China’s shipbuilding industry. This gave rise to several shipyards in the country in the 2000s and enabled China to become a leading shipbuilding […]
Over the last two decades any sustained uptick in dry bulk freight rates has triggered a tsunami of newbuild orders. That was certainly the case when there were spikes in […]
The average spot rate for capesize bulkers shot upwards on Monday as tonnage supply remained limited in the Atlantic basin. The capesize 5TC, which calculates a spot-rate average off five […]
Norwegian owner Belships has fixed three of its ultramaxes on period charters of around one year. The bulk carriers, which were not named, have been contracted for 11 to 13 […]
Vale just announced that it now expects 2021 iron ore production to be 315-320 MMT, versus its previous guidance of 315-335 MMT. However, Vale had previously informed that 2021 production […]
