04-01-2023 Dry bulk: Total fleet growth in 2022 of 2.8%, DNB Markets
Clarksons reports the dry bulk fleet having added 1.4 MDWT in December, while a total of 0.8 MDWT was scrapped. Annualizing this data implies a run-rate of deliveries at 1.7% […]
SHIPPING NEWS
04-01-2023 Dry bulk research update: China in discussions to ease import ban on Australian coal, Braemar
The latest development on the Chinese coal front is a potential easing of the unofficial ban imposed on Aussie coal. China is reportedly in discussions to allow 4 major coal […]
04-01-2023 Asian bulker operators shed older tonnage onto recyclers, By Jonathan Boonzaier, TradeWinds
Two Asian shipowners, Vietnam’s ITC Corp, and China’s Fuhai Shipping sold their oldest bulk carriers for recycling as 2022 ended. ITC Corp’s 27,00-dwt bulker was sold to cash buyers for […]
03-01-2023 Eagle Bulk seals mooted ultramax buy, extends fleet count to 54, By Joe Brady, TradeWinds
New York-listed Eagle Buk Shipping completed a bit of Christmas shopping over the holidays, closing the reported buy of the 63,600-dwt Stony Stream (built 2015) for $24.2m. The Connecticut-based owner […]
03-01-2023 China Coal and Bauxite Imports, Braemar Dry Bulk Research Update
China imposes coal import tariffs The Chinese Ministry of Finance has announced it will reimplement import tariffs of 3% on coking coal, among other types, from 1 April with the […]
03-01-2023 Container: Likely a passing positive bounce in box rates entering January, DNB Markets
The Freightos Baltic Index (FBX) was up 6% WOW on 1 January, marking the largest relative gain since August 2021, and still remains 63% above the average level in 2019. […]
02-01-2023 Dry bulk at the ready for China reopening, DNB Markets
The dry bulk sector struggled during 2022 as continued lockdowns in China met growing recession fears globally. The result has been freight markets under pressure and steeply discounted equities to […]
02-01-2023 Special China Update, Commodore Research & Consultancy
The most recently released data as of January 1st shows that the daily coal burn rate at China’s six major coastal power plants has come in at only 803,000 tons. […]
30-12-2022 Container lines get creative to keep idle fleet ‘artificially’ low, By Ian Lewis, TradeWinds
Ocean carriers are pulling out the stops to avoid idling container ships as slumping demand shows no sign of receding and freight rates slide. Capacity management measures include diverting ships […]
30-12-2022 Will 2023 see liner companies engage in another price war? By Ian Lewis, TradeWinds
A weakening container freight market has raised the prospect of carriers facing an all-out rate war in 2023. The early Chinese New Year on 22 January means factories in China […]