US moves to seize tanker after North Korea shipments
The ship’s owner allegedly used the US financial system to carry out North Korea trade
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April 2021
Dry Bulk Market: Latest Data Suggests China Will Keep Feeding Demand Growth
Demand from China is expected to propel the dry bulk market forward this year, as the country’s economy rebounds from the pandemic. In its latest weekly report, shipbroker Allied Shipbroking said that “the latest news from China’s National Bureau of St…
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Finally some backed optimism in the dry bulk sphere: Capes benefiting from China’s hunger for iron ore
Strong Chinese steel output has been a fact: China produced 94.02 million tonnes of crude steel in March (up 19% from a year earlier) and, therefore, demand for the raw steelmaking ingredient of iron ore has also been supported. The infrastructure-inte…
Drewry Maritime Financial Insight – April 2021
Container shipping: The fundamentals of container shipping companies remain strong with liners set to enjoy a prolonged cycle of profitability extending into at least the next couple of years. Lines going back to deeply loss-making even in a down cycle…
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EU Blames China for Endangering Peace in South China Sea
The European Union called out China on Saturday for endangering peace in the South China Sea and urged all parties to abide by a 2016 tribunal ruling which rejected most of China’s claim to sovereignty in the sea, but which Beijing has rejected.The…
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