A Greek-managed bulker grounded in the Suez Canal but was refloated quickly, after three tugboats rushed to assist, Leth Agencies reported. The ship was the 76,500-dwt Glory (built 2005), according […]
Brazil’s corn shipments since July have broken all previous monthly records, with annual exports 43.2 MMT surpassing even 2019’s bumper year 42.5 MMT. However, both the huge increase in trans-Atlantic […]
China’s economy, the second largest in the world, has always been in the spotlight. Recently, the country has deployed its economic work for 2023, opening a new chapter for its […]
Liner shipping will make just 5% of 2022’s mega profits, and up to 25% of the massive container orderbook will likely be postponed. These are the headline predictions in a […]
Things to look out for As we start the new year, we investigate some of the factors that may play a role in determining freight rates for the year ahead. […]
Rio Tinto has agreed the terms with its joint venture partners, including China’s Baowu, on developing infrastructure for the Guinean Simandou iron ore mine. With an estimated 8.6 BMT of […]
Like yesterday’s tanker outlook, analysts reckon 2023 will be better for dry bulk in the second half of the year once the sector’s most important player, China, has got its […]
The Baltic Dry Index (BDI) declined on Wednesday for the fifth consecutive business day after reportedly posting its worst one-day plummet in almost 40 years. The BDI, which serves as […]
Clarksons reports the dry bulk fleet having added 1.4 MDWT in December, while a total of 0.8 MDWT was scrapped. Annualizing this data implies a run-rate of deliveries at 1.7% […]
The latest development on the Chinese coal front is a potential easing of the unofficial ban imposed on Aussie coal. China is reportedly in discussions to allow 4 major coal […]