07-09-2021 Bauxite exports continue despite Guinea coup, By Sam Chambers, Splash
Aluminum prices hit decade highs yesterday on the back of the coup news coming out of Guinea, a key supplier of bauxite, a raw material used to make the metal. […]
SHIPPING NEWS
07-09-2021 Bauxite exports continue despite Guinea coup, By Sam Chambers, Splash
Aluminum prices hit decade highs yesterday on the back of the coup news coming out of Guinea, a key supplier of bauxite, a raw material used to make the metal. […]
07-09-2021 Dry bulk market should remain strong amid lower grain forecasts, analysts say, By Michael Juliano, TradeWinds,
Grain volumes for 2021 are expected to come in lower than originally forecast, but that should not weaken a strong dry bulk market, according to analysts. Braemar Shipping Services cut […]
06-09-2021 ‘Astonishing’ order boom drives car carrier newbuild prices ever upwards, By Gary Dixon, TradeWinds
Shipowners’ investment in car carrier newbuildings has accelerated past $3.2bn this year after Eastern Pacific Shipping and Zodiac Maritime signed huge orders. TradeWinds reported that Idan Ofer’s Eastern Pacific has […]
06-09-2021 So, what is the ‘right’ price of container freight? By Ian Lewis, TradeWinds
Container freight rates are expected to remain at record levels, but the price shippers must pay will vary. The differences are greatest in the transpacific, where the spread between the […]
06-09-2021 Benchmark capesize bulker rates tumble amid political unrest in bauxite powerhouse Guinea, By Michael Juliano, TradeWinds
Spot rates for two benchmark capesize bulker routes fell sharply on Monday amid political upheaval in Guinea, one of the world’s largest suppliers of bauxite. The China-Brazil roundtrip voyage slid […]
06-09-2021 Braemar ACM Dry Bulk Research Update
Global steel production slows in July Global steel production totaled 161.7 MMT in July according to the latest figures from the World Steel Association (WSA), a decrease of 3.7% MoM […]
06-09-2021 Container lines rack up ‘amazing’ $28.6bn profit in Q2, By Marcus Hand, Seatrade
Container lines racked up a staggering $28.6bn in profits in the second quarter of the year a 13-fold improvement on a year earlier. The McCown Container Results Observer reported that […]
06-09-2021 Breakbulk back in operation at Port NOLA, containers on 7 September, By Marcus Hand, Seatrade
The Port of New Orleans (NOLA) is to resume container operations on Tuesday, while breakbulk operations are already back up and running following Hurricane Ida. The Port of New Orleans […]
06-09-2021 Boxship charter rates now stand 128% above previous 2005 peak, By Sam Chambers, Splash
Containership charter rates now stand at more than double their previous peak 16 years ago. Charter rates for shipping’s hottest sector have more than quadrupled from the start of this […]
