China’s increased use of scrap metal for its production of crude steel is fundamentally critical to the dry bulk shipping industry. Mostly Capesize ships are impacted by this, way beyond the temporary iron ore export disruptions in Brazil and Australia…
BIMCO Sees Hard Times Ahead for Capesizes Read More »
China’s decision to restrict its coal imports in 2019 below 2018 levels will dent demand for Panamaxes, but an ongoing tussle with Australia could be the silver lining. The Chinese government plans to curb the country’s coal imports by 3%-4% in 2019, t…
A Chinese punch on Panamaxes Read More »
In 2017, NORDEN’s dry bulk activities were successfully split into a Dry Operator and a Dry Owner unit to add resilience in versatile market conditions. Now a similar model is in the making in the company’s tanker business. “Increasing focus on short-t…
Tankers Ramps Up Focus On Short-Term Read More »
Capesize The market saw a steep ascent from the depths of last week. The Baltic Capesize Index (BCI) 5TC opened on Monday at $5,099, although by Friday’s close most gains were lost, and it finished up at $5,737, a modest gain of $638. Improved sentimen…
Dry Bulk Market: Capesizes On Higher Ground Read More »
Our oceans are critical to so many aspects of our day-to-day lives. In the UK alone, they provide jobs for over 500,000 people, contribute more than £47 billion to the economy, and are the means through which 95% of all trade reaches the UK. Globally, …
How the UKHO is supporting the Blue Economy Read More »