The Chinese New Year celebrations, currently underway, meant more orders were contracted during the previous days. In its latest weekly report, Allied Shipbroking said that “the final week just before the Chinese New Year celebrations go into full swin…
Shipbuilding Ordering Activity Picked Up Last Week Read More »
Despite hopes that a quick economic recovery in China would boost iron ore demand, 2023 has so far been a disappointment for the dry bulk shipping sector. During the first three weeks of the year, iron ore shipments fell 13.1% y/y, the lowest volume si…
Baltic dry index slides as iron ore shipments kick off 2023 with 13.1% drop Read More »
The decoupling of the 2M alliance agreement with MSC in 2025 leaves Maersk in a tight spot. The Danish mega-carrier is too big to join an existing alliance and too small to go it alone. Despite all of the protestations from the two parties, the intense…
Corvus Energy this week celebrated the grand opening of its new battery factory in Bellingham, Wash., amid growing demand for energy storage systems in the U.S. marine industry.Located in Fairhaven at the Port of Bellingham, the new battery…
Corvus Energy Opens New US Factory Read More »
Three US companies have filed several lawsuits against Chinese firms an a US port operator over damaged goods
Shippers allege smoking on board caused fire and cargo damage on bulker Read More »