Beijing’s new stimulus package is expected to benefit the faltering capesize dry bulker markets, but the distressed Chinese property market and the zero-Covid policy continue to pose risks to any […]
Average spot rate assessments for capesize bulk carriers have more than doubled in the space of two days, shortly after market watchers were wondering whether assessments for capesize bulk carriers […]
Brazil’s seaborne exports of soybeans have dropped significantly while costs to ship the commodity overseas have risen, according to the US government. The country exported 32.1 MMT of soybeans during […]
With a full ban on Russian coal imports since mid-August, Europe is increasingly focused on sourcing its coal from other destinations notably Colombia, USA, and South Africa. South Africa’s total […]
Lockdowns are sweeping across major metropolises in China, sparking renewed concern about manufacturing output from the world’s second largest economy. Chengdu, the sixth-largest city in the People’s Republic with a […]
As predicted yesterday on this site by Dr Roar Adland from the Norwegian School of Economics, the cape market finally displayed signs of bottoming out. Having suffered one of the […]
A downcycle is unavoidable for container shipping in 2023-24 and profits will fall by 80%, a report by HSBC Global Research forecasts. After two years of unprecedented rises container freight […]
Slumping Atlantic market for panamax bulkers is seeing some hope on paper for higher spot rates, but that does not necessarily mean that a floor for spot rates is on […]
When London-listed Taylor Maritime Investments floated a $26-per-share cash tender offer for Singapore-based Grindrod Shipping on Monday, the word that stood out was “cash”. Cash simply has not been the […]
Capesize woes have entered new depths. The transatlantic C8 route yesterday plummeted into triple-digit territory, coming in at $944 per day, according to the Baltic Exchange, capping off one of […]
