SHIPPING NEWS
29-11-2022 Taylor Maritime’s offer for Grindrod Shipping becomes unconditional, By Adis Ajdin, Splash29-11-2022
London-listed Taylor Maritime Investments (TMI) has declared its offer to acquire all the issued ordinary shares in Grindrod Shipping “unconditional in all respects.” The Ed Buttery-led TMI, through its subsidiary […]
28-11-2022 Maersk in ‘excellent’ negotiating position despite liner sector’s rates ‘wildfire’, By Gary Dixon, TradeWinds
Container freight rates might be falling with unprecedented speed, but AP Moller-Maersk chief executive Soren Skou remains optimistic about contract negotiations. Analysts have said lines face some tricky talks over […]
28-11-2022 Dry bulk market faces uncertainty as China weighs zero-Covid policy, By Michael Juliano, TradeWinds
Prospects for dry bulk shipping remain uncertain as questions loom over what China will do with its zero-Covid policy. Analysts including Goldman Sachs believe China may loosen the all-or-nothing approach […]
28-11-2022 Chinese Consumers Not Buying More, Just Paying More, Commodore Research & Consultancy
China’s consumer market continues to show significant weakness. As we reported earlier, retail sales rose year-on-year by 2.5% in September but inflation rose year-on-year by 2.8%. It was concerning that […]
28-11-2022 Shipping braces as largest uprising since Tiananmen Square rips across China, By Sam Chambers, Splash
The largest protests seen in China since the Tiananmen Square massacre of 1989 have spooked financial and commodity markets today. Both the Hong Kong and Shanghai stock markets closed on […]
28-11-2022 Liner shipping on course to smash last year’s record profits by 50%, By Sam Chambers, Splash
Despite myriad doom and gloom headlines based on rapidly declining spot rates, an influential container expert is forecasting liner shipping will post a full-year net profit of $223.4bn, a 50.6% […]
25-11-2022 Chinese Bauxite Market, Howe Robinson
After registering over 11 MMT of imports in both March and April before hitting a record 12 MMT in May of this year, China’s seaborne bauxite intake began a halting […]
25-11-2022 Tanker S&P index soars to highest level since January 2009 as bulkers hit 14-month low, By Eric Priante Martin, TradeWinds
The Baltic Exchange’s secondhand price index for the tanker sector soared to the highest level since January 2009 on Friday, as the measure for bulker prices continued to head in […]
25-11-2022 Record Chinese covid cases spark concern, By Sam Chambers, Splash
The number of covid cases in China has spiked to record highs this week as officials ordered lockdown measures in major cities, including Zhengzhou, where protests were staged at the […]