Minister Nusrat Ghani leads drive to keep UK’s shipyards afloat
Financial backing for shipbuilders is part of national maritime decarbonisation policy
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July 2023
Chinese bulker shipowners purge panamaxes as scrap prices continue to fall
Brokers and cash buyers say prices will remain depressed until demand for scrap steel recovers after monsoon season
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Low Rhine River Water Level is Taking its Toll in Ship Traffic
The low water level of one of the main fuel distributions artery, the Rhine River, is causing significant disruption. In its latest weekly report, shipbroker Gibson said that “in Europe, besides contending with an intense heatwave, lower rainfall has i…
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Dry Bulk Market: Capesize Segment Edged Higher This Week
Capesize After a slow beginning to the week, the Capesize market experienced a surge on Wednesday with a rise of over $2,500 in a day on its five timecharter routes average. The week closed at $15,180 with +$3,222 week-on-week. Both fronthaul and trans…
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Drewry: Container Equity Index Up 10.4% in July
Container shipping equities have started recovering after significant declines in 2Q23, anticipating an uptick in demand with the peak season’s arrival, albeit later than historical standards. The Drewry Container Equity Index increased 10.4% in July (…
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