Improved vessel efficiency and slowing demand growth are expected to continue driving down dry bulk earnings until 2024, when the new emission rules have greater impact. Pandemic-induced congestion is the […]
Russia and Ukraine are set to sign an agreement freeing millions of Ukrainian tonnes of grain trapped in the country following February’s invasion. Turkish President Recep Tayyip Erdogan’s office said […]
Vale announced Q2 2022 iron ore production of 74.1 MMT, which is up from 63.9 MMT in Q1 (or 16%) and which compares with 75.7 MMT in Q2 2021 (-2%). […]
What a difference a stinking hot day makes. “It’s not the end of the world! Just stay cool and carry on,” advised the Monday front page of the U.K.’s Daily […]
Chinese authorities will place export quotas on phosphate fertilizers as they seek to protect domestic supplies and reduce input costs for farmers. Exports are expected to be restricted to just […]
There are differing opinions about the potential impact to dry bulk shipping from any easing by China of its ban on Australian coal. Beijing has been importing less as domestic […]
Russian President Vladimir Putin arrived in Iran on Tuesday to discuss an UN-backed plan to unblock Ukrainian grain exports in a potential boost for the bulker market. Senior UN and […]
South Africa, the world’s largest exporter of manganese ore shipped a record 9.3 MMT (+0.5 MMT/+6% y-o-y) in the first five months of 2022. South Africa is estimated to hold […]
The most recently released data as of July 17th shows the daily coal burn rate at China’s six major coastal power plants has come in at 899,000 tons. In addition […]
Boxport congestion is setting new record highs, quashing talk of any imminent return to supply chain normalization. The containership port congestion index created by UK broker Clarksons hit a new […]
