Spot rates for capesize bulkers took another dive this week, but there is still room for optimism, according to market experts. The capesize 5TC, a spot-rate average weighted across five […]
Germany’s Hapag-Lloyd has again upgraded its earnings forecast for the full financial year to between €10.1bn to €10.9bn ($11.6bn to 12.6bn). The latest upgrade by the world’s fifth largest liner […]
India has emerged as a major new market for Australian coal exports in the wake of China’s politically motivated move to stop buying its coal. In the first 10 months […]
After hitting a high of $86,953 per day at the beginning of the month, average Capesize rates have more-than halved, settling at $37,669 per day today. There are naturally several […]
Containership newbuilding orders in the first nine months of 2021 have surpassed the previous annual record of 3.4m teu in 2007, says a top shipbroker. Between January and September this […]
Container freight and charter rates have reached a tipping point and are falling, but don’t call an end to the container shipping boom yet. Freight rates in the key transpacific […]
Yesterday, the FFA curve noted a positive shift after a period of negative development, with contracts up 10% for November, 11% for December and 1.4% for 2022. In our view, […]
Spot capesize rates continued to storm upwards because of increased enquiries combined with tonnage tightness. The average weighted time charter on the Baltic Exchange gained 2.8% to hit $63,030 per […]
Chinese shipyards face losing valuable newbuilding contracts as main engine and crankshaft suppliers are unable to meet rising demand. The situation mirrors a shortage of engines caused by a surge […]
US-listed dry bulk stocks were able to claw back much of the double-digit percentage losses seen in a 20 September meltdown over debt woes from Chinese property developer Evergrande. On […]
