New York-listed Genco Shipping & Trading is the latest dry bulk owner to seek a way to monetize exposure to a containership market that is even hotter than its own […]
Carnival Corp has reported a seventh consecutive quarter of huge losses because of the pandemic while also achieving record bookings for the second half of next year. The Arnold Donald-led […]
Capes are back in 2008 territory. The time charter equivalent C10 transpacific round voyage yesterday surpassed the $70,000 a day threshold. The C14 transatlantic round voyage was also “on fire”, […]
The market for capesize bulkers swung to new heights this past week as high demand for commodities kept the pressure on a very tight supply of vessels. The capesize 5TC, […]
It’s all about vessel supply, and this time shipping is limited in its ability to destroy its own peak markets through excessive ordering of new ships. That’s the take in […]
The dry bulk market continues to sail full steam ahead, toppling one record after another amid tight supply and strong demand for iron ore. The capesize 5TC, a spot-rate average […]
• Australian forecasters have pinned wheat production at 32.6 MMT for the 2021/22 marketing season ending June 30th, 2022. The figure would make it the second largest harvest on record […]
For Genco Shipping & Trading chief executive John Wobensmith, it is not so much about implementing a dividend as it is sustaining a dividend. That, he said, will hold the […]
The possibility of Chinese property developer Evergrande defaulting on its debt shook global markets earlier this week, but shipping analysts have taken the news in stride. The Shenzhen-based real-estate behemoth […]
Brakes on the Chinese economy have led to warnings to shipping not to rely too heavily on this global engine of growth. London-based shipbroker Braemar ACM warned in a research […]
