With freight rates in free-fall shippers are busy renegotiating their contracts with container lines, who are facing up to the reality that the liner party is fizzling out. The SCFI […]
President Vladimir Putin claims that Russia has been “screwed over” by the West following the UN-backed deal to export Ukrainian grain from previously blockaded ports. He wants to reopen discussions […]
The bulker earnings peak has already passed this year and worse is to come for owners, a leading analyst believes. S&P Global Market Intelligence is forecasting a drop in the […]
The capesize bulker segment fell for the second straight day on Wednesday, continuing a pullback from a three-day rally, as the panamax market kept improving. The Capesize 5TC spot rate […]
A newbuilding capesize is reported to have locked into a four-year charter as period rates continued to follow the spot market downward. The 180,000-dwt newbuilding scored a rate of $21,000 […]
According to Chinese customs authorities, iron ore imports for August came in at 96.2 MMT, up 5.4% MOM while down 1.3% YOY, taking the YTD total to 723.4 MMT, which […]
China imported 96.2 MMT of iron ore in August. This marks a month-on-month increase of 5 MMT (5%) but is down year-on-year by 1.3 MMT (-1%). As we have continued […]
Russia’s Gazprom has indefinitely shut off natural gas flows to Europe through the Nord Stream 1 pipeline, citing technical issues brought about by European sanctions. Energy price surged following the […]
Danish liner giant AP Moller-Maersk is among some of the world’s biggest polluters which are failing to disclose the impact of climate-related risks in their financial statements, a new UN-backed […]
Profits for the booming container ship industry have more than doubled in the second quarter while posting seven consecutive quarters of record earnings, according to a financial advisor focused on […]
