Where do we go to find economic growth that spurs shipping demand in the next five years? According to the International Monetary Fund (IMF), we should look towards emerging and developing countries. The IMF also points out that advanced economies’ gro…
Global shipping scouts for future growth Read More »
The Chinese government’s objective of suppressing coal and lignite imports in November and December 2018 is adversely impacting demand for Panamaxes and thus rates. Nonetheless, we believe imports will be supported by winter and high-energy demand in t…
China’s import restrictions on coal spoils the party for Panamaxes Read More »
”The LNG shipping market has become significantly tighter compared to the last few year and spot rates have hit multi year highs in Q4 2018. Supported by healthy LNG demand and supply fundamentals and limited vessel availability in the spot marke…
Braemar: LNG Shipping Rates to Remain Strong in 2019 Read More »
Ocean freight rates for cargoes moving under contracts on major East-West routes decreased by 7% in the fourth quarter, according to the results of Drewry’s Benchmarking Club Contract Index. The cost reduction, based on contract freight rate data provi…
East-West contract rates help reduce shippers’ costs Read More »
Capesize A positive end to last week after a somewhat uncertain start as some gains made were eroded. Rates recovered later for West Australia/China, nudging the high $8.00s with rumours of $9.00 for prompt positions. In addition, there was finally act…
Dry Bulk Market Roundup: Capesizes Recover Lost Ground Read More »