Capesize The capesize market had the stuffing knocked out of it this week as the 5TC dropped from $25,085 down to $17,285. Fixing activity was below average as charterers were able to achieve new lows with ease. Neither basin was spared from the carnag…
Dry Bulk Market: Capesizes Face the Duldrums Read More »
Crude tanker rates, which have broadly declined across most routes over the last couple of months, are unlikely to recover anytime soon until there is a sizeable correction in vessel supply. Freight rates have come down drastically from the astronomica…
Weak demand outlook calls for sizeable supply correction for tanker market recovery Read More »
It’s been a year few will forget anytime soon and the same goes for shipping as well, where making the right decision at the right time, is proving to be more and more elusive. In its latest weekly report, shipbroker Allied Shipbroking said that “since…
A record low for shipping losses gave the industry reason to smile in 2019. However, fears that the Covid-19 pandemic and the resultant global economic downturn will lead to safety-related shortcomings and a rise in serious shipping incidents mean thos…
Myriad risks on shipping horizon Read More »
The Battle of Marathon, the Sacking of Rome, Einstein developing his theory of General Relativity, the Great Depression, The Second World War, the birth of John B, the launch of the PlayStation 2. All are seismic events that have forged and influenced …
Global Boom or Global Bust? Read More »