It appear as the Chinese central government is shifting its approach to Covid. This week, cities and provinces have been gradually lifting lockdown restrictions, likely driven by new economic weakness […]
We will report much more about China changing, but wanted to put out an update now letting clients know that it does appear that the central government is finally shifting. […]
Mining giant Rio Tinto said it expects iron ore shipments in 2023 to be in the same range as this year. It expects to ship between 320 and 335 MMT […]
Seanergy Maritime Holdings trumped analyst estimates despite reporting a slump in profits in a weaker market. The Greek owner of 17 capesizes reported net income of $7.1m for the third […]
Tanker giant Frontline is continuing to be a draw for big-name investors as Morgan Stanley became its second-biggest shareholder. A filing to the Oslo Stock Exchange reveals the Delaware investment […]
In the wake of unprecedented protests Beijing’s zero covid stance looks to be easing. The strict pandemic rules have stymied industrial production all year, and put a brake on shipping […]
Container and bulker player Costamare announced late on Tuesday the establishment of a new venture to operate dry bulk vessels. The US-listed company said in a statement it is willing […]
Markets have rallied amid signs that China is preparing to loosen some of the restrictive measures of their zero-Covid policies. Following protests over the weekend, China’s National Health Commission said […]
In Jan-Oct 2022, iron ore shipments declined by -2.6% y-o-y to 1,254.5 MMT, from 1,287.7 MMT in 2021. This was similar to the 1,254.6 MMT shipped in 2019. Exports from […]
Richards Bay coal exports slow in November According to AXS vessel tracking data, coal shipments out of Richards Bay in South Africa have slowed to an average 122,000 tonnes per […]
