A raft of veteran capesize bulkers have gone for scrap in the last year, but we are unlikely to see many more in the foreseeable future, a top broker says. […]
A surge in the number of ships waiting outside ports in China is tightening effective fleet supply and helping to push rates to record levels. We look at the drivers […]
The Meishan terminal at Ningbo-Zhoushan port remained closed for a sixth straight day on Monday, with ship queues outside the port at record levels. A 34-year-old port worker was found […]
Container lines are benefiting from the investments and cost reductions made during the past 10 years but 2022 will be the real test for profitability, particularly if rates ease back […]
Norden’s money-spinning dry cargo business has helped the Danish owner-operator book its best quarterly result since 2015, following a loss-making start to the year. The Copenhagen-listed company also thinks it […]
Spot rates for capesize bulkers took their biggest leap in weeks on Wednesday as commodity demand remains high against tight supply. The capesize 5TC, a spot-rate average weighted across five […]
The largest export out of America’s top container port is air, a stark reminder of the massively pressurized situation slamming US supply chains this peak season. Giving an update on […]
Shares in NYK Line have reached their highest level since the shipping boom of 2007 and 2008 as investors react to the strong containership and bulker markets. Its shares closed […]
Ultramax bulker owner Belships has declared its first dividend in years after a profitable second quarter, powered by income from its commercial arm Lighthouse Navigation. The company has also inked […]
Bulker markets have been strong this year to date and the best could still be ahead, according to John Michael Radziwill, the chief executive of pooling giant C Transport Maritime […]
