The VLCC tanker market could be primed for a very good year, in terms of performance. In its latest weekly report, shipbroker Gibson said that “VLCCs are enjoying a moment in the spotlight. A low orderbook and sanctions news have put a spotlight on the…
VLCCs Could be Set for a Stellar 2025 Read More »
Capesize The Capesize market faced a subdued week, with the BCI 5TC steadily declining from $7,946 on Monday to reach $6,977 by Thursday. However, a modest recovery towards the weeks end lifted the 5TC to $7,252. The Pacific market remained under press…
Dry Bulk Shipping: Capesizes Still Under Pressure Read More »
The recent wildfire in Los Angeles is expected to drive up import demand for bulk and breakbulk commodities in the US, while export numbers could decline. Rebuilding the region will aid the need for construction materials, generating demand for bulk an…
Los Angeles wildfires – A catalyst for breakbulk shipping demand amid rebuilding efforts Read More »
Some U.S. lawmakers and officials are touting a nearly half-century-old treaty between the United States and Panama to justify the Trump administration’s threat to reclaim the Panama Canal – provided it can show the strategic waterway’s operation is un…
Summing Up the U.S., the Panama Canal and China Read More »
India is set to establish a 250-billion-rupee ($2.9 billion) maritime development fund to provide long-term financing for the country’s shipbuilding and repair sector, Finance Minister Nirmala Sitharaman announced on Saturday.The initiative…
$2.9B Maritime Development Fund Created by India Read More »