Dry bulk shipping has been able to maintain elevated spot rates despite a weak steel market, thanks to very low vessel supply across all sectors, Jefferies analyst Omar Nokta said. […]
HMM could be in the red by as early as 2024 on the back of the steep decline in the Shanghai Containerized Freight Index (SCFI), according to Nomura. The Japanese […]
The bulker sector has risen from where it was a few weeks ago, but the futures market is indicating a turn for the worse over the next several months. The […]
Chartering giant Cargill is in talks that could lead to a pioneering order in China or Japan for methanol-fueled bulkers. Jan Dieleman, president of the agricultural giant’s Cargill Ocean Transportation […]
Shaking out its oldest ships for scrap or further trading is nothing unusual for Maran Tankers, but the Greek shipping giant probably never found a sweeter spot than this to […]
The outlook for the global shipping industry has been revised downwards as aggregate earnings face a sharp decline in 2023. Moody’s Investor Services said earnings across the industry had likely […]
The impact of congestion on containership availability is improving rapidly, with capacity now half-way back to its normal state. Data from Sea-Intelligence shows that global schedule reliability improved to 46.2% […]
Russia remains China’s second largest source of coal imports, and we continue to believe that April’s coal import tariff cut was done with Russian imports in mind. Russian imports last […]
Comprising nearly 60% of global aluminum production and approximately 85% of total bauxite imports, China dominates these trades. Annual bauxite imports have risen from 52 MMT in 2016 to 107 […]
Ukraine’s monthly steel exports have declined 77% since the start of the Russian incursion, according to Ukrainian-based consulting company GMK Center. Ukraine exported 1.27 MMT of ferrous metal monthly in […]
