Thoresen Shipping has become the latest bulker owner to post record profits on the back of the strong bulker markets. The Thai-backed shipowner said its third quarter result of THB […]
In the summer of 2008—at the height of the commodities super boom—Australian thermal coal prices exceeded $192/ton. For the next 13 years thermal coal miners suffered through long stretches of […]
President Joe Biden will sign off the largest federal investment infrastructure bill in more than a decade this Monday. The bill would raise USD 1 trillion to be spent on […]
Belships’ expanded fleet and a strong spot market helped the Norwegian shipowner to book an upsized profit for the third quarter, trouncing analysts’ estimates. The Oslo-listed firm made a net […]
The market for capesize bulkers made some modest gains over the past week following a month-long tumble from historic highs, but market experts aren’t expecting another huge rally right away. […]
Reports of the capesize market’s demise have been greatly exaggerated and day rates of $30,000 are “not the end of the world“. That is according to John Michael Radziwill, chief […]
Global thermal coal seaborne shipments have totaled 806 MMT for the first ten months of 2021, up 10.0% YoY, though lower by 2.1% over pre-pandemic levels in 2019. Electricity demand […]
Norwegian operator Torvald Klaveness believes bulker earnings will climb again after being “hammered down” in recent days. Key to this is charterers no longer being able to hold back cargoes […]
Precious Shipping has reported its best start to the year in over a decade helped by a blockbuster third quarter performance. The Bangkok-based shipowner said Thursday that its third quarter […]
Container spot rates are falling – and are unlikely to see any noticeable edge up for the remainder of what has been a record-breaking 2021, multiple analysts polled by Splash […]
