China’s plummeting steel demand and falling prices for the metal are putting cape owners on edge. China’s steel market, the world’s largest, has experienced a sharp sell-off over the last […]
Turkey is investigating allegations by Ukraine that importers have been buying “stolen” grain. Turkish foreign minister Mevlut Cavusoglu told reporters a probe has begun, but no evidence of such shipments […]
Owners and operators of mid-size bulkers are taking advantage of rising backhaul rates as the conflict in Ukraine continues to play havoc with the global trading of grain and coal. […]
Two agricultural storage facilities in Ukraine owned by units of commodity trading giants Glencore and Bunge have been attacked by missiles on Wednesday. Citing officials of the two companies, Agence […]
Valentios “Eddie” Valentis’ company is a small Greek shipowner that has tried to do things the right way. After taking Pyxis Tankers public in 2015, Valentis has weathered mostly tough […]
China will offer more than 140 billion yuan ($21 billion) in additional tax relief mainly aimed at businesses as it seeks to offset the heavy impact of coronavirus lockdowns on […]
Master consolidator Andreas Sohmen-Pao admits it might seem a contradiction to say he’s worried about the world economy and geopolitics but sanguine about the prospects for shipping markets. But that […]
High container freight rates are responsible for over 1.5% of the inflation consumers are feeling at retail outlets, but the impact is far higher in less-developed countries than well-connected nations. […]
Alphaliner is reporting that Mediterranean Shipping Co’s (MSC) world-beating orderbook has grown by another near 200,000 slots. MSC has chosen Jiangsu New Times Shipbuilding in China for the next phase […]
AP Moller-Maersk chairman Robert Maersk Uggla has spoken out against criticism of the container ship industry from leaders such as US President Joe Biden. Speaking to graduates of the Massachusetts […]
