The news of the Omicron variant from South Africa rippled through the financial markets on Friday as stocks, treasury yields, and oil sank. Countries around the world have now begun […]
In the first ten months of 2021, China’s grain imports expanded by nearly 20 MMT (+19%) y-o-y to a record 123.4 MMT, buoyed by a strong corn import program from […]
Across the asset classes, Handies have been amongst the strongest performers this year. They have also shown greater resilience as rates have fallen for all bulker sizes over the past […]
John Fredriksen’s Golden Ocean Group is expecting favorable market fundamentals to last for years yet, as profit continues to roll in. The world’s largest listed owner of capesize vessels said […]
Golden Ocean Group is ready to reap the rewards of an expanded fleet thanks to healthy forward coverage, Clarksons Platou Securities has said. The Oslo-listed bulker owner acquired 18 modern […]
Shipping is a notoriously volatile industry, one that has burnt many investors over the years. Yet, even by its own extreme standards, the volatility experienced across all the main shipping […]
Capesize spot rates continued to recover lost territory across the key trades on Tuesday as C Transport Maritime (CTM) locked a Diana Shipping vessel for a year. The day’s fixture […]
Newly released economic data from China’s National Bureau of Statistics indicates Fixed Asset Investment (FAI) in infrastructure and manufacturing increasing by 2.3% and 14.2% YoY respectively, the lowest YoY growth […]
According to Chinese customs authorities, iron ore imports for October came in at 92 MMT, down 14% YOY, taking the YTD total to 934 MMT, which is down 4% compared […]
US financial giant Fidelity has unveiled a major investment in UK shipping fund Tufton Oceanic Assets as it continues to build its shipping portfolio. The Boston-based investor said in a […]
