The Chinese government has prohibited the import of Australian coal, which will be detrimental for dry bulk vessels as Chinese importers will shift from Australia to Indonesia and Mongolia, resulting in a decline in average haulage length and a loss in…
China-Australia tiff to hit dry bulk demand Read More »
Container trade has been resilient during the pandemic as consumer confidence has been given a shot through government support. Trade always seems to find a way, even in the most inhospitable conditions. Drewry’s latest Container Forecaster report, pub…
Drewry: Riding the waves Read More »
Capesize The Capesize market kept up a constant precipitous fall in values this week. Opening at $29,479, the Capesize 5TC has closed the week at $19,952, a drop of almost -30%. The Atlantic has been the most affected of the basins, yet this is likely …
Dry Bulk Market: Capesize Market on Reverse Mode Read More »
Frustrated at the sluggish pace of progression at the International Maritime Organisation and under intensifying pressure from external stakeholders to act on climate and air quality concerns, charterers have taken matters into their own hands – and no…
Taking action on emissions Read More »
While key product tanker companies reported high earnings in 1H20, stock price returns of these companies continue to be negative YTD. Net earnings of key product tanker companies in 1H20 were higher than full-year net income since 2016. We decode this…
Lacklustre returns for product tankers despite record earnings Read More »