The capesize bulker market staged a three-day rally that has lifted average spot rates to the highest point of 2022. The Baltic Exchange’s capesize 5TC spot-rate average, covering five key […]
Eagle Bulk Shipping has varied from its usual strategy of hedging through freight derivatives by booking a rare physical time charter. New York-listed Eagle has fixed out the 63,301-dwt Madison […]
Capesize rates have topped $30,000 per day, nearly doubling in May with many looking at the coming summer months in the northern hemisphere as a period where the sector could […]
As Russia’s war on Ukraine drags into another month with no end in sight, a cloud is hanging over peak grain season for bulker owners. Genco Shipping & Trading chief […]
New York-listed Eagle Bulk Shipping has gone from strength to strength with another fat shareholder payout during what is seasonally the weakest quarter for the dry bulk market. The Gary […]
Costamare Shipping Co reported its most profitable first quarter since listing in New York over a decade ago. Revenue more than doubled to $268m and net income reached $123m, compared […]
New York-listed Genco Shipping & Trading has ended the suspense over the size of its first “full” dividend payout under a new capital allocation model. The distribution of $0.79 per […]
Maersk reported its best quarter in Q1 2022 with a $6.8bn profit despite taking a $718m hit from pulling out of Russia. Operating results hit record levels across Maersk’s Ocean, […]
The European Union’s FuelEU Maritime proposals may help usher in low-carbon fuels over the next three decades, but they could also put the brakes on newbuilding orders for bulk carriers […]
As Beijing talks up stimulus packages, official data published over the weekend shows just how sharply the rolling municipal lockdowns are tanking the Chinese economy, making the stated goal of […]
