A very short supply of demolition candidates has boosted offered scrapping prices to levels unseen in recent memory. According to shipping market sources in Athens, London and New York, the […]
Europe’s ban on Russian coal is set to kick in in mid-August, leaving European and Asian coal importers scrambling to find alternative sources of fuel. The major coal producing nations […]
Average spot rates for all bulker sizes wandered into or came very close to correction territory during a week that market experts have described as stolid at best. The capesize […]
With coronavirus lockdowns, a real estate downturn, and surging oil prices stemming from Russia’s invasion of Ukraine, Chinese President Xi Jinping is turning to reliable allies to keep his ambitious […]
Average spot rates across dry bulk shipping receded on Thursday as the Atlantic basin saw meagre fixture activity. The capesize 5TC, which factors five key routes, slipped 4.9% to $11,753 […]
UK bulker owner Taylor Maritime Investments (TMI) is returning more cash to shareholders in the form of a one-off dividend in strong markets. The special pay-out is at 3.22 US […]
Major Shanghai shipyards have been ordered into lockdown following a spike in coronavirus cases in the Chinese city. According to TradeWinds sources, Hudong-Zhonghua Shipbuilding, Jiangnan Shipyard and Shanghai Waigaoqiao Shipbuilding […]
Large bulker spot rates sank to the lowest level in nearly two months on Wednesday, but futures were priced far higher, pointing to expectations of a rebound. The Baltic Exchange’s […]
New York-listed dry bulk owner Grindrod Shipping may be the latest public owner to be considering “strategic alternatives” following the announced retirement of chief executive Martyn Wade last week. Sources […]
Lidl, the giant European budget supermarket chain, has registered a new container shipping company with plans to take a sizeable chunk of its transport needs from existing carriers. Tailwind Shipping […]
