ECSA published today its policy paper on the EU ETS proposal. European shipowners welcome the increased climate ambition of the ‘Fit for 55’ package, recognising that the climate crisis is one of the greatest economic and environmental challenges our s…
Capesize The Capesize market was in dire straits this week as tonnage levels were heard to be building while many areas had minimal activity as the 5TC dropped -15,398 to $36,065 week on week. The Pacific Basin was under pressure earlier on in the week…
Dry Bulk Market: Capesizes In Dire Straits This Week Read More »
Global shipping issues are harming US agricultural exports and intervention by Congress is urgently needed to address delays and congestion at US ports, ag interests told the House Transportation Coast Guard and Maritime Transportation Subcommittee. Pr…
Agriculture interests press Congress to tackle shipping delays Read More »
Ocean carriers remain in pole position in negotiations for long-term freight contracts, with high demand, port congestion, and supply chain disruption driving further rates increases. According to the Xeneta Shipping Index (XSI®) Public Indices, long-t…
World steel demand is expected to surge 4.5% this year after near-zero growth in 2020. Steel traders and movers can then look forward to a further 2.2% growth in 2023, according to the latest Short Range Outlook from the World Steel Association (worlds…
Developed Nations Lead Steel Recovery Charge Read More »