Reduced port congestion due to global taming of Covid-19 may lead to a weaker market for dry bulk shipping, according to a market watcher. The pandemic caused supply chain disruption […]
A Zodiac Maritime-controlled capesize bulker is one of five dry cargo vessels that have been reported by brokers and cash buyers to have been sold for recycling in the final […]
Capesize bulker spot rates significantly undulated this past week as global trading of iron ore stutters due to China’s stumbling return to construction, according to an analyst. The Baltic Exchange’s […]
As 2022 winds down, Norden is bumping up its full-year expectations. The Danish bulker and tanker owner-operator said on Thursday that it expects to post a profit between $730m to […]
The dry bulk sector struggled during 2022 as continued lockdowns in China met growing recession fears globally. The result has been freight markets under pressure and steeply discounted equities to […]
Data released today shows global crude steel production totaled approximately 139.1 MMT last month, which is down month-on-month by 8.2 MMT (-6%) and down year-on-year by 4.2 MMT (-3%). Particularly […]
Capesize bulker rates leapt for the second straight day on Wednesday, reaching their highest point in five months as China starts erecting buildings again. The Baltic Exchange’s Capesize 5TC jumped […]
Carnival Corp has reached a fourth-quarter record for customer deposits on future cruises, but the cruise juggernaut is still deep into the loss column because of Covid-19’s financial impact. The […]
China’s reported loosening of zero-Covid-19 policies to boost its economy has breathed some near-term optimism into the capesize bulker sector. But the country’s real estate industry will truly determine its […]
Much needed rains improve outlook for Argentine soybean crop • Rainfall in drought-stricken Argentina has improved the outlook for the country’s soybean crop, with around half of soy planting areas […]