President Joe Biden spewed anger at container lines on Friday as he urged the US Congress to pass legislation to reel in shipping costs. Speaking at the Port of Los […]
Shipping’s trading liquidity has soared this year, pointing the way to a potential new strategy for investors. Investment bank Clarksons Platou Securities cited Refinitiv data for the 42 shipowners it […]
Chinese banks issued 1.89 billion yuan in new loans in May, which marks a month-on-month increase of 1.24 trillion yuan (193%) and a year-on-year increase of 390 billion yuan (26%). […]
Shipping equities slumped with the broader market on Monday as Wall Street trembled under the threat of more rate hikes by the Federal Reserve to ease the pain of inflation. […]
Departures from Ukraine’s Danube ports have quadrupled as Ukraine tries to find viable routes to export grain in the face Russia’s naval blockade. Reni, Izmail and Kiliia together recorded 370 […]
US Navy documents have linked a Pacific Basin-controlled bulker to an incident in which drones are suspected of collecting data on American warships. According to documents obtained by military news […]
The most recently released data as of June 12th shows the daily coal burn rate at China’s six major coastal power plants has come in at 759,000 tons. This is […]
There are 30 MMT of grain stored in Ukrainian held territory out of a capacity of 55 MMT and 13-15 MMT stuck in Russian held territory. Estimates place Ukraine’s grain […]
The freight market is being continually buffeted by challenges and the latest in the spotlight is the sudden spike in the price of low sulphur fuel oil with the added […]
Spot rates fell steadily across dry bulk shipping over the course of the week because of a perfect storm of spiking bunker prices, falling demand and partying by shipowners. The […]
