The capesize bulker market fell sharply for the second consecutive week amid steadying prices for iron ore and coal. The capesize 5TC, a spot-rate average weighted across five routes, plummeted […]
Supramax spot rates could erase their gains as they near $40,000 per day on average because more tonnage may become available. Demand for these smaller-sized bulkers has been driven by […]
Norwegian shipowner Belships has fixed another two of its ultramax bulkers out on long-term charter. On Friday, the Oslo-listed company said the two unnamed vessels will start contracts of 23 […]
China has moved from the largest cement exporter in 2017 to be, from 2019, the largest importer. China is importing from Vietnam and Thailand forcing their usual customer, Bangladesh, to […]
Vietnam’s increased meat consumption has made the Southeast Asian nation a “feed importing powerhouse” according to the US Department of Agriculture (USDA). And with much of the imports coming from […]
Shipowners have contracted twice as many new vessels so far this year compared to 2020, driving prices up steeply. Clarksons Research data shows 1,259 orders placed with shipyards to 30 […]
The market for capesize bulkers should continue declining amid lower iron-ore and steel production for the rest of 2021, according to brokers. The capesize 5TC, a spot-rate average weighted across […]
Mining giant Rio Tinto has logged a hefty profit of about $24m from selling three LNG dual-fueled, 210,000-dwt bulker newbuildings that it booked at Chinese state-owned Qingdao Beihai Heavy Shipbuilding […]
The ongoing threat from the pandemic and the fractured nature of containerized supply chains mean there is unlikely to be any easing in the market before 2023 at the earliest. […]
The spot capesize market briefly dipped below the $60,000 per day mark as major miners adjusted their iron ore production guidance for the year. Vale, Brazil’s largest miner, said it […]
