The spot rate market for capesize bulkers dropped like a stone this past week as uncertainty around China’s economy continued, while that for the smaller vessels stagnated due to meagre […]
Bulker owner Diana Shipping has fixed out an ultramax and a capesize vessel. The Greek owner has chartered out its 60,309 -dwt ultramax DSI Aquila (built 2015) to Western Bulk […]
Fearnley Securities believes the days of big shareholder payouts are over for Israeli line Zim. The container ship owner has lowered its full-year earnings guidance as the market continues to […]
Bulker markets are set for a rebound once China’s economy normalizes next year, according to Golden Ocean Group’s chief executive. Ulrik Andersen uses the word “perspective” more than once while […]
Zim is preparing for a freight market in which some liner services are no longer viable. The Israeli carrier is planning to redeliver charters, blank sailings and streamline its service […]
It’s not a great time for consolidation in the broader market, but shipping is keeping merger-and-acquisition bankers busy amid more favorable conditions. That was the take from veteran M&A banker […]
When the US Fed Reserve holds its last meeting of 2022 on 14 December, it is expected to raise its benchmark funds rate for the seventh time this year as […]
New York native Peter Georgiopoulos was one of shipping’s pioneers in building companies with help from private equity, but things changed a lot, and not for the better, between his […]
GoodBulk has again boosted its bottom line during weak freight markets by selling off vessels and has distributed its largest ever payment to shareholders. The shipowner, which has its shares […]
2,388 new daily coronavirus cases were reported in China on 17 November 2022, the highest amount reported since April 29th. Going forward, China’s current surge continues to show no sign […]
