Shippers of low value bagged dry commodity cargoes are baulking at sky-high container freight rates and returning to the bulk carriers they have shunned for so long. Hsu Chih-Chien, chairman […]
A shake-up of global seaborne coal trades looks likely this year, adding to already firm demand for bulkers to carry the commodity — panamaxes primarily and capesizes too. The world’s […]
Berge Bulk founder and chief executive James Marshall was excited when he took to the podium at a Marine Money conference in Singapore on Tuesday. Capesize rates, he gleefully told […]
Capesize spot rates are rocketing once again, having risen by more than $5,000 on a Friday and a further $6,736 on Monday, taking them back above the $50,000 mark and […]
The Baltic Exchange’s assessment of average spot rates for capesize bulk carriers made its biggest daily advance on Monday, rising by $6,736. The leap since Friday has taken capesize spot […]
Ports in Shanghai and Ningbo, the world’s largest and third-largest container hubs, have closed for the second time due to the impact of a typhoon this summer. China’s National Meteorological […]
The AP Moller-Maersk chief executive Søren Skou has called for the eventual prohibition of new fossil fueled ships. “The European Commission is proposing to end production of combustion engine cars […]
Assessments of average spot rates for capesize spot rates have jumped up by just over 12%, the second highest daily increase ever. Baltic Exchange panelists on Friday added an extra […]
Ships are being forced to drift outside Los Angeles and Long Beach as all anchorages are chock-a-block with the total number of boxships waiting for berth spaces to open at […]
Today, Capesize benchmark spot rates rose by USD5.0k/day, which, when excluding last year’s increase of USD6.2k/day, is the largest daily incremental increase seen since 2010. The market has shrugged of […]
