Spot rates for capesize bulkers should stay high despite China’s lower steel production as the nation’s struggle with Covid-19 keeps the ships anchored off its shores, market experts said. China […]
The shipping and commodities markets have gone from doom and gloom to a huge upswing in just 18 months leaving the question as to what lies ahead. Leading executives taking […]
Yesterday, the dry bulk FFAs for Capesizes closed -6% for Q4. However, Capesize spot rates rose 4.6% today while the Q4 FFA recovered 7% to above Friday’s level again. Hence, […]
Vandita Pant, chief commercial officer of mining giant BHP, is confident that strong growth in commodities demand will keep bulk carriers busy for a good while longer. However, she cautioned […]
Fears of a debt default by Chinese property developer Evergrande are prompting a major sell-off of New York-listed shipping equities, hours after hurting those trading in Europe and Asia. A […]
As the price for iron ore drops, the relative cost of freight increases. Previously, we saw potential support in looking at this historical correlation when freight cost for iron ore […]
Fears of contagion from the possible collapse of Chinese real estate giant Evergrande sent mining stocks in Australia and shipping shares plunging in Hong Kong on Monday, with the company […]
Amid the bullish pronouncements for the cape sector, one alarming statistic has given owners pause for thought. Beijing revealed this week that Chinese steel output dropped by more than 12% […]
The laws of supply and demand work on the axiom that if there is a shortage of goods or services the price of those goods or services goes up. In […]
AP Moller-Maersk has added $4bn to its profit guidance for 2021 on the back of logistical bottlenecks and surging container rates. The Danish giant said it expects to record underlying […]
