The capesize bulker market continued its steady plummet on Thursday, declining to a nearly seven-month low as China’s demand for iron ore remains weak. The Baltic Exchange’s Capesize 5TC, a […]
Related party transactions have become a dirty term in an age of corporate governance scrutiny, but one such controversial deal within the Scorpio Group seems to have turned out well. […]
The first shipment of Ukrainian wheat grain for humanitarian operations run by the UN World Food Programme (WFP) has left Ukraine’s Pivdennyi port in Yuzhny. The 23,000-dwt Brave Commander (built […]
Indonesia’s new coal export ban is affecting only small miners, so the impact on dry bulk shipping could be minimal, sources and analysts say. The Energy and Mineral Resources ministry […]
As we have continued to discuss in our updates, China’s coal burn has been setting records during the last several months. Data released today shows that China’s coal-derived electricity generation […]
Economic signals from China, the world’s most important shipping nation, continue to alarm shipowners. The surprise financial news out of Beijing today was the decision by the People’s Bank of […]
Congestion at ports on both sides of the Atlantic is slowing trade between Europe and North America and throwing out container line schedules. “Congestion has worsened in the northern Europe-US […]
Ukraine’s three grain export ports will be able to ship volumes at a pace equal to 3 MMT per month within “two to three weeks”, the country’s deputy infrastructure minister […]
New York-listed Diana Shipping has made a bold move into the ultramax sector with a $330m strike for nine vessels from the fleet of private Connecticut-based owner Sea Trade Holdings. […]
Last year was the one for the return of the dividend for listed owners in dry bulk, but has 2022 seen them reap the benefits in terms of shareholder support […]
