Greek owner John Coustas patted himself on the back as his container ship company Danaos announced a staggering profit late on Monday. “We foresaw the ongoing disruption in the supply […]
Cleaves’ new shipping hedge fund is building a long position in dry bulk. It increased its exposure — currently 52% — during the dip, according to a report by the […]
The soybean harvest in Brazil fell short of analysts’ expectations and will likely translate into an upsurge in demand for US stock and a hike in global prices. Brazil was […]
10 years ago, Ukraine exported a mere 4 MMT of wheat; this rose to 18 MMT in 2020 and once official figures are in, will probably have exceeded 20 MMT […]
Stronger dividend payouts by dry bulk peers have caused New York-listed Genco Shipping & Trading’s valuation to trail some others in the sector, but a solution is coming. That was […]
Shipping is about to close the books on the year that was 2021, and the numbers presented for the year’s fourth quarter in the coming earnings season are likely to […]
Containership charter rates have stormed to new record highs with analysts warning that the scarce tonnage available could see prices remain at extraordinary levels for much of the year. Broking […]
Second-quarter futures contracts in the dry bulk spot market moved higher on Wednesday even as the spot market slid amid the sluggish Lunar New Year break. Forward pricing for supramax […]
A tribunal in England has ruled that a US-style class action lawsuit can go ahead against five car carrier operators that broke European Union competition laws. The lawsuit seeks compensation […]
A group of leading nations is to cooperate to keep watch on any potential anti-competitive behavior in soaring container markets. The US, UK, Australia, Canada, and New Zealand — collectively […]
