Capesize values have continued to soften. Values for ten year old vessels of 180,000 DWT are down by c.13% since the start of the year, from USD 33.07 mil to USD 28.82 mil. The continued fall in values comes as Bulker earnings remain under pressure, an…
Capesize values continue to soften Read More »
2022 was supposed to be the year of post-pandemic and post-lockdown re-openings, but – as ING’s global head of macro, Carsten Brzeski, says – it became the year of war, inflation, energy and commodity price crises, drought and floods. “The list o…
Ever-lengthening list of ‘unprecedented crises’ Read More »
As digitalisation is gaining fast ground, the idea that cross-industry data sharing helps create a safer, cleaner and more efficient shipping is indisputable. In fact, less and less territory is being left uncharted when it comes to exploring the benef…
IMO: Digitalisation and regulatory framework of data sharing in the maritime industry Read More »
Despite floods in November, the Australian wheat production estimate for the 2022/23 marketing year (July 2022 to June 2023) has been increased by the United States Department of Agriculture (USDA). Australian wheat exports could rise 9.8% this marketi…
Australia on track for new harvest record and 9.8% jump in wheat exports Read More »
Rates for petroleum product tankers that carry low-sulfur petroleum products, including refined petroleum products such as motor gasoline, diesel fuel, jet fuel, and naphtha, reached multiyear highs this summer. Rates for these tankers, known as clean …
EIA: Tanker rates for refined petroleum products reach multiyear highs during 2022 Read More »