Major shipyards in China will not be lowering their newbuilding prices as they face rising material costs and have built up strong orderbooks, according to market sources. The firm newbuilding […]
John Fredriksen’s Golden Ocean Group reported the best quarterly and full-year results in its 26-year history in figures released on Wednesday. Net earnings in the fourth quarter of 2021 were […]
Supramax bulk carriers have been the stars of the show so far during 2022, with spot rates over one-third higher today than they were a week ago. Average supramax time-charter […]
Precious Shipping has said its financial performance in 2021 was the second best in its history and was only bettered by the blockbuster results of 2008. The Khalid Hashim-led shipowner […]
Precious Shipping said it foresees “extreme volatility” in the dry bulk market this year and sharp rate movements. Despite the volatility, last year’s perfect balance of demand-side recovery and supply […]
Since its peak on 10 February, Chinese iron ore prices have fallen by ~10% amidst fears of domestic investigations into iron ore inventories and trading. The developments follow as China’s […]
Berge Bulk has lined up the first capesize recycling deal of the year by selling one of its oldest bulkers for green recycling in Bangladesh. On 11 February, the Singapore-based […]
The “partial blockade” of Ukraine appears to be over, but the US is warning the country might be on the verge of war with Russia. Ukrainian officials lifted restrictions on […]
HMM has become the latest major liner operator to post a substantial year-on-year increase in full-year results. The South Korean shipowner said on Monday it had made a net profit […]
When coal prices for Australian coal surged up to through $250 per ton in October last year, there was a marked reluctance from Indian power stations to face such inflated […]
