Shipping is never dull, and the moment you feel it might be is probably the time to seek a different career. Being in this industry gives those curious enough an […]
The capesize bulker market leapt on Thursday to its highest mark in nearly two months. The Baltic Exchange’s Capesize 5TC set of spot rate averages across five key routes skyrocketed […]
There is a saying that investors do not own shipping stocks, they just rent them. The inherent cyclicality of the industry has proved a deterrent over time to “buy and […]
Despite floods in November, the Australian wheat production estimate for the 2022/23 marketing year (July 2022 to June 2023) has been increased by the USDA. Australian wheat exports could rise […]
Liner newcomer China United Lines (CUL) will cough up CNY 470m ($67m) to terminate long-term charters on up to a dozen boxships. The payment of a penalty will enable the […]
No vessels departed Ukraine under the Black Sea Grain Initiative on Monday because of unfavorable weather conditions and electricity shortages, according to the Joint Coordination Centre. The port of Odesa, […]
Giant US retail group Costco is cutting exposure to container ships as rates slump and capacity supply improves. The company had claimed last year to have chartered three small vessels […]
The High Court in London has appointed an administrator at Allseas Global Project Logistics, part of the Allseas Group freight and logistics company. Steven Parker and Joanne Rolls of Opus […]
Taylor Maritime Investments (TMI) is pinning its faith in dry cargo fundamentals and slow ship speeds to support rates next year. The London-listed handysize specialist’s chief executive Ed Buttery expects […]
In 2017-18 China dramatically changed the structure of the Pacific seaborne cement trade by moving almost overnight from the world’s largest exporter of cement to its largest importer, as demand […]
