The seasonal transpacific price tumble has begun, with China-West Coast prices dropping 13% from last week. Last year they dropped by 25% in the three weeks following Chinese New Year, and by 17% over the same period in 2017. With transpacific prices s…
Containers: Prices in Transpacific Trades Begin their Downward Path Read More »
Capesize The capesize market showed some resistance this week to recent losses as all routes saw a small uptick in value to end the week. With no particular improvement in fundamentals – and a relatively quiet fixing week – owners may have shown enough…
Dry Bulk Market: Capesizes Fight Back Read More »
Shipping guidelines and recommendations are encouraging shipowners and operators to focus mainly on bureaucratic, procedural controls. This might feel like a cheaper, easier way to address the “cyber security problem”. But there is a risk it will turn …
Security through bureaucracy is pain with limited gain Read More »
The Petrofin Index for Global Ship Finance which commenced at 100 in 2008 fell by 1 point (from 65 to 64 the year before), pointing to a possible stabilisation of the decline of global shipping portfolios. Top 40 Banks’ lending to shipping fell from $3…
Key Developments and Growth in Global Ship Finance Read More »
Charter rates for multipurpose (MPV) ships, including both breakbulk and heavylift vessels, are not expected to recover back to pre-Covid-19 levels until the end of 2021, with the recovery anticipated to take even longer if the global pandemic is not c…
Covid-19 to stifle investment in multipurpose and heavylift shipping Read More »