China’s dual control policy will depress the country’s chemical shipping demand in 4Q21, which will cap growth in freight rates rising due to port congestions in mid-China river ports. China has issued the Barometer of 2021 Half-Year Regional Energy Co…
Capesize The Capesize market has endured another difficult period of sliding rates as the 5TC sustained losses week-on-week of -8866 to close out at $27,199. On the brighter side, after a month of descent, the Capesize market sentiment closed on a posi…
Dry Bulk Market: Capesizes Still Under Pressure Read More »
Small start at two shipbuilders with just six newbuildings as Qatar books options, but one yard is missing
QatarEnergy firms up first South Korean LNG orders under mega deal Read More »
By a vote of 228 to 206, the U.S. House of Representatives approved the Senate-passed H.R. 3684, Infrastructure Investment and Jobs Act (the bi-partisan Infrastructure Package). The bill is headed to the President to be signed into law.For the nation’s…
Infrastrucure Bill: $2.5B Earmarked for Inland Waterways Construction and Rehab Read More »
Secretary general says UN body needs to act now and leave no one behind as he wraps up ICS conference on the fringes of climate negotiations
Kitack Lim says the IMO will hear the calls for urgent action at COP26 Read More »