05-04-2022 Research from Braemar ACM
Chinese economy shows signs of slowdown China’s PMI fell below 50 in March, signaling a slowdown in manufacturing and service activity. The manufacturing PMI fell from 50.2 in February to […]
SHIPPING NEWS
05-04-2022 War to knock dry bulk demand growth to 1%, By Nidaa Bakhsh, Lloyd’s List
The Russian invasion of Ukraine combined with already lower assumptions for China’s appetite for dry bulk commodities is expected to cut demand growth to 1% this year, according to Howe […]
05-04-2022 The EU proposes to ban coal imports from Russia, DNB Markets
It was announced today that the EU has proposed to ban coal imports from Russia, while the details of the ban and timing of the phaseout are still under discussion. […]
05-04-2022 Huaxia Financial Leasing orders two more ultramax bulkers, By Irene Ang, TradeWinds
Chinese shipping newcomer Huaxia Financial Leasing has returned to Nantong Xiangyu Shipbuilding & Offshore Engineering for more ultramax newbuildings. The state-owned company has ordered two 63,500-dwt bulk carriers, bringing its […]
04-04-2022 China books biggest deal for U.S. corn since May 2021, By Mark Weinraub, Reuters
CHICAGO, April 4 (Reuters) – Chinese buyers bought 1.084 MMT of US corn, their biggest purchase of US grain since May 2021, the US government said on Monday. The deal […]
04-04-2022 Newbuild prices see sharpest increase for almost two decades, By Sam Chambers, Splash
According to Clarksons newbuild prices are experiencing the sharpest increase for almost two decades thanks largely to the extremely high number of containerships and LNG carriers ordered over the past […]
03-04-2022 Wheat exports likely to cross 10 MMT this fiscal: Piyush Goyal, Press Trust of India
The country’s wheat exports are likely is cross 10 MMT during 2022-23, due to increasing demand for the commodity in the world market, Commerce and Industry Minister Piyush Goyal said […]
01-04-2022 India to increase thermal coal imports ahead of summer energy demand and low stocks, Maersk Brokers
Indian buyers have restrained from purchases as coal prices have risen to levels beyond the reach of power utilities in India. Coal India stated that its pithead inventories are expected […]
01-04-2022 Panamax and supramax bulker spot markets slump as demand takes a hit, By Michael Juliano, TradeWinds
The spot market for panamax and supramax bulkers fell during the past week as demand suffered in both the Atlantic and Pacific basins. The panamax 5TC, a spot-rate average across […]
01-04-2022 Shanghai extends lockdown timeframe, By Sam Chambers, Splash
Authorities at China’s commercial hub were forced into a humiliating U-turn yesterday in their battle with Covid-19. Having placed the eastern side of Shanghai, Pudong, into lockdown at the start […]
