Costamare, an owner of 121 container ships and bulkers, reported on Thursday its most profitable second quarter since listing in New York 12 years ago. The Costis Konstantakopoulos-led company announced […]
Hapag-Lloyd has again massively upgraded its earnings forecast on the back of soaring freight rates. The world’s fifth-largest liner company is projecting Ebitda of $19.5bn to $21.5bn this financial year, […]
Xeneta has called out the peak for long-term contracted freight rates. The Scandinavian box freight rate platform has detected a slowing month-on-month growth for long-term rates in July, following many […]
Weakening bulker markets have pushed the Baltic Dry Index (BDI) to below 2,000 points for the first time in five months. The index, which indicates the overall strength of bulker […]
The first grain exports from Ukraine’s blockaded ports could still leave on Friday despite Russian missile attacks on Odesa earlier this week, according to the United Nations’ aid chief. Martin […]
Splash Extra identifies the reasons for the current lull in the markets. Bulk carrier freight rates have increased in June every year since 2016, but this year they went down. […]
Amid a record ordering boom, and with an eye on fleet renewal ahead of IMO 2050, shipbuilders are looking at expansion for the first time in a decade. Surging newbuild […]
Russia launched new missile strikes on the Odesa region raising fresh doubts about plans to restart grain shipments from Ukrainian ports this week. The UN insisted plan on re-opening three […]
The word recession seems to be in every other headline these days, but a shift in how US consumers are spending just landed with a thud in the Wall Street […]
Global steel output contracts in June Global crude steel output fell 5.8% YoY in June to 158.1 MMT. In 1H2022, global steel production declined by 5.3% YoY to 949 MMT […]
