Oslo-listed Himalaya Shipping is expecting record earnings from the first two of 12 new bulkers it has chartered out. The company’s debut deal for its newcastlemax newbuildings in China will […]
US investment bank Jefferies has cut its price target for Israeli liner company Zim to $27 from $55 per share in acknowledgement of the weaker freight market ahead. But with […]
Supramax bulker spot rates made some headway this past week on the US Gulf Coast while Asia focused on Golden Week, but they may plateau over the next seven days, […]
Container contract rates may take it on the chin next year because of a spot market that has been depressed by lowered port congestion and inflation-tempered consumer demand, according to […]
As secondhand bulkers continue to change hands at strong prices, buyers are betting rates will recover in the long-term to close the gap to asset values. But US-based consultant Urs […]
When the “cargo people” of the Association of Ship Brokers & Agents hold their annual conference in Miami Beach, the program is traditionally closed by an erudite PhD holder in […]
Deals to charter LNG carriers could be made at rates as high as one million dollars per day this winter, according to London-based shipping consultancy Drewry. “This market is on […]
John Fredriksen’s Golden Ocean Group is ready to spend $100m on its own stock after steep price falls this year. The bulker company’s board has authorized a share buyback program […]
The market for capesize bulkers leapt forward on Wednesday, surprisingly undeterred by China’s celebration of Golden Week. The Baltic Exchange’s Capesize 5TC basket of spot-rate averages across five key routes […]
The record car carrier market is showing no sign of hitting the brakes, and rates may even surge to $150,000 per day, according to one analyst. Daniel Nash, head of […]
