The ongoing conflict between Russia and Ukraine has the potential to turn into a full-fledged war and, if that happens, it will send the dry bulk freight rates crashing down. Over the past few years, Russia and Ukraine have become major exporters of dr…
Russia-Ukraine war to crash dry bulk crates Read More »
Capesize There was positive sentiment throughout the dry freight sector this past week, including Capesize, as traders returned from Lunar New Year holidays. Activity was clearly seen to be elevated as the Capesize 5TC rose +5095 over the week to close…
Dry Bulk Market: Capesizes on Higher Ground as China Returns to Market Read More »
Less than two years ago countries across the world were closing their borders and locking down cities to stop the spread of Covid-19. Very few analysts could foresee crude oil going from below $20/bbl back then to almost touching the $100/bbl mark curr…
High LNG prices boost conventional bunker demand, scrubbers stand to benefit Read More »
In a recent charterparty dispute in case DHL Project & Chartering Ltd v. Gemini Ocean Shipping Co Ltd (Newcastle Express) [2022] EWHC 181 (Comm), the Commercial Court set aside an arbitration award on the basis that the Tribunal had no jurisdiction…
Re-examining the applicability of subjects Read More »
With the continuing COVID-19 pandemic and the 2022 Winter Olympics dampening the economy development, mainland China’s GDP growth in the fourth quarter 2021 was 4%, which is lower than the 4.9% growth recorded in the previous quarter and 6.5% low…