On 17 June 2020, the Capesize average earnings jumped a staggering USD 4,250 per day, the largest daily gain since 2013, settling at USD 19,036 per day. Capesize average earnings have rallied in recent weeks, but Wednesday’s observation marks the first…
Capesize earnings leap USD 4,250 per day – largest daily jump since 2013 Read More »
The dry bulk market is riding on a high as a result of demand picking up around the world. In its latest weekly report, Allied Shipbroking said that “a remarkable change has been witnessed of late in the dry bulk market, with demand ramping up signific…
Dry Bulk Market: Rates Skyrocket as Demand Picks Up Read More »
The U.S. Government has been working hard to close a weakness in its global sanctions web by focusing on illicit shipping practices and sanctions evasion. As the bad actors misusing the shipping industry have been increasingly identified and sanctioned…
A New Wave of Compliance is on the Horizon for the Shipping Industry Read More »
Ships’ recycling activity has started to retreat to normal levels after the initial rush by ship owners, as the market gradually reopened, following weeks of hiatus.In its latest weekly report, shipbroker Clarkson Platou Hellas said that “after last we…
Demolition Activity Subsides After Initial Flurry of Deals Read More »
We look at the disruption caused by the COVID-19 pandemic across commodity markets globally and how this is impacting financing arrangements including ‘MAC’ clauses, financial covenants, ‘corona clauses’, events of default and force majeure as well as …
COVID-19 and commodity trade finance: The way forward Read More »