The dry bulk market has been moving from strength to strength in 2021, after a prolonged period of stagnation. Earlier this year, I questioned if this was going to be […]
The reason behind capesize bulker spot rates’ downward trend as of late can be summed up in one word, according to brokers and analysts: volatility. The capesize 5TC, a weighted […]
Charter rates for boxships have hit an all-time high and are expected to remain strong for some time yet. The Hamburg and Bremen Shipbrokers’ Association’s New ConTex index rose 2.3% […]
Legendary investor Michael Burry invested in shipping for the first time earlier this year by adding shares in three US-listed shipowners to his portfolio, according to regulatory filings. The head […]
Shipments from the iron ore majors in West Australia are on track to hit 76 MMT this May. This marks an 11% improvement on April’s volume and the highest since […]
A double-digit fall in capesize bulker rates did not go unnoticed — or unpunished — by US investors as shipowners in the dry-cargo trade led shipping stocks downward. Shares in […]
The containership orderbook as a percentage of fleet capacity is closing in on the 20% mark, having only broached double figures last October. Box shipping’s vessel orderbook-to-fleet ratio had steadily […]
Brazil, the world’s second largest iron ore exporter, continued to struggle in 2020, with exports declining by -2.0% y-o-y to 334.0 MMT. China was still by far the top destination […]
Brazil is on track to sell the largest volume of soybeans to the United States since 2014, according to shipping data from maritime agent Cargonave, as the nation helps Americans […]
The volatile capesize market has fallen 12% this week as miners and charterers paused for breath following a rally to more than $44,000 per day. The average weighted time charter […]
