Kool cats ‘fully financed’: Ofer’s CoolCo signs deal with Chinese leasing house for LNG newbuildings
Chinese leasing house signs 10-year deal for newbuildings at Hyundai Samho
October 2023
Kamsarmaxes Lead the Way of Newbuilding Activity
Dry bulk carriers and more specifically kamsarmaxed continue to be leading the way, in terms of newbuilding activity over the course of the past few days. In its latest weekly report, shipbroker Allied Shipbroking said that “Kamsarmax contracting has l…
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Capesize order book slips to 5% of fleet as contracting falls
At the start of October, the capesize order book was at 20 million DWT, a mere 5% of the capesize fleet. The contracting of newbuild capesize ships has gradually decreased since its peak in 2013 and only 5 million DWT were contracted so far in 2023, do…
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Capesize tonne days growth from Brazil to China reaches new high, surpassing last year’s growth
The third week of October witnessed robust Capesize Brazil to China freight rates, as indicated in the chart above. Furthermore, the demand in tonne days exhibited a noteworthy surge in recent days. Nevertheless, the recent uptick in the number of ball…
China’s lagging economy may spare capesize bulkers if ‘two grey rhinos’ can be avoided
Country posts 4.9% GDP growth for third quarter, down from 6.3% in prior three months
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