Oslo-listed Western Bulk is expecting a record first quarter result in markets that have stayed volatile. The company is forecasting net profit of between $18m and $20m to 31 March. […]
The invasion of Ukraine could reduce the price spread between high and low-sulphur fuel oils, impacting the economics of scrubbers, says a top shipbroker. Russia is pivotal to the global […]
The dry bulk market should maintain healthy rates through the second quarter amid trade disruptions because of Russia’s invasion of Ukraine, as well as continued congestion. While supply growth is […]
The global seaborne map of capesize trades is set for one of its largest shifts in the wake of the signing finally of a multi-billion-dollar iron ore mining deal in […]
On Sunday China announced Shanghai would enter a staggered lockdown, starting today, marking the biggest city-wide lockdown in the People’s Republic since the Covid outbreak began more than two years […]
Japanese shipbuilders are seeking significantly higher prices for handysize and ultramax bulk carrier newbuildings, according to local reports. The war in Ukraine has stoked up concerns among the country’s yards […]
While high dry bulk spot rates can be attributed to demand recovery and inefficiencies, the “strongest “influencer” has been high bunker prices which is slowing ships down, according to Star […]
Agricultural analysts warn of food shortages as farmers scale back their usage of fertilizers amid supply disruption stemming from Russia’s invasion of Ukraine. Corn, soy, rice, and wheat yields around […]
Indonesian exports of coal have reached their second-highest level on record as overseas buyers shift purchases from Russia, according to BIMCO. “From week five to 11 this year Indonesia exported […]
Slowing down As global supply chains continue to be disrupted and commodity prices soar, we look at how the steel market is performing and its effect on freight. According to […]
