“In June 2026, global coal shipments jumped 14% y/y, driven by a 41% y/y increase in coal shipments to China, as the country looked to offset weaker domestic supply and to meet higher demand from electricity generation. Since the start of the year, glo…
BIMCO: Coal shipments jump 14% in June, driven by Chinese demand Read More »
China’s steel market continues to show signs of softness. The National Bureau of Statistics reported crude steel production fell 2.5% year-on-year in May 2026 to 84.4 million tons, while pig iron — produced via blast furnace — declined 1.5% to 72.9 mil…
Iron Ore Surplus Builds as Chinese Steel Margins Remain Under Pressure Read More »
The ongoing lull in tonnage scrapping in the crude tanker market is signalling the calm before the storm, as we anticipate a massive surge in scrapping in the coming years. The aging fleet, surging orderbooks, regulatory pressure and changing geopoliti…
Crude tanker scrapping: The calm before the storm Read More »
The new mandatory performance standards introduce changes to the design and operational requirements for pilot transfer arrangements, including those already installed onboard ships in operation. Achieving compliance with the new requirements may neces…
New IMO requirements for pilot transfer arrangements Read More »
Contradictions muddying the waters of the global sanctions regime on Russian oil are making it increasingly difficult for ship operators, even with the best intentions, to stay on the right side of the law. At a Baltic Exchange presentation that took p…
Sanctions, uncertainty and the shadow fleet Read More »