Congestion is growing at key box terminals around the world with shippers warned today to brace for another frustrating few months ahead as the peak season gets underway, even if […]
Meadway Shipping & Trading (MST), a Greek bulker owner and manager, has notched up yet another acquisition that doubles the size of its fleet within 18 months. MST owner Costas […]
The US Federal Maritime Commission (FMC) fact-finding report into container liner shipping during in the pandemic concludes that despite customer perceptions of collusion and lack of competition as freight rates […]
The capesize bulker market improved for the second consecutive day as the panamax bulker sector continued a slide that began a week ago. The Baltic Exchange’s Capesize 5TC, a spot-rate […]
Two vessel sales boosted Jinhui Shipping & Transportation’s profit for the first three months of the year by more than 40%. The Hong Kong-based, Oslo-listed bulker owner posted a $19m […]
The most recent data as of the end of this month shows that the daily coal burn rate at China’s six major coastal power plants has come in at 727,000 […]
Global crude steel production totaled 162.7 MMT in April, according to the latest data from the World Steel Association. While down 5.1% YoY, this was the highest level of monthly […]
Brazilian mining giant Vale, which controls more than 100 conventionally fueled ore carriers, is enquiring on a series of dual-fuel 300,000-dwt VLOCs that could cost more than $1.5bn. Shipping sources […]
Seanergy Maritime Holdings chief executive Stamatis Tsantanis said he will be happy if Vale meets this year’s minimum iron-ore projection as global coal trade is expected to stay strong. The […]
Futures contracts for capesize bulkers surged on Tuesday as the spot market took its first upward step after more than a week of deep declines. Capesize FFAs for July jumped […]
