Spot rates across the bulker spectrum didn’t move much on Monday, but they did something else that does not happen every day. They all stayed above $30,000 per day and […]
The ongoing Covid-19 upheaval has created many winners in the shipping markets — but few bigger than handysize owners. Usually praised for producing steady, if relatively low earnings compared with […]
Severe drought in North America has cut expected US spring wheat output to the lowest in three decades and crops in the Canadian Prairies are likely to be reduced as […]
Two big UK investment funds have sold down stakes’ worth about $15.6m in Tufton Oceanic Assets. The UK shipowner has seen its stock price rise 33% over the last year. […]
Spot rates for capesize bulkers may reach $40,000 per day amid strong demand for iron ore and coal, but much depends on China’s plans to curb carbon emissions, according to […]
The dry bulk market is pricing in a ramp-up in iron ore exports over the coming months, which should aid capesize freight rates. But can the volumes expected in what […]
The European Energy Exchange (EEX) has reported record dry freight volumes. Cleared and exchange-traded dry-bulk freight business jumped 42% in the first half of the year. Some 598,300 lots were […]
Fidelity Investments’ nearly 12% stake in New York’s Genco Shipping & Trading has been well earned by the owner, but the size of the holding also points out the limitations […]
US institutional investor Fidelity’s purchase of a 12% stake in New York-listed Genco Shipping & Trading is part of a wider build-up in dry bulk by the mammoth firm over […]
Prices for sought after panamax boxships have more than doubled in the space of just three months, one of the sharpest vessel appreciations recorded in the history of shipping. As […]
