As 2022 drew to a close, global coal demand looked set to end the year just 1.2% up on the previous year. But that small increase was enough to push global coal demand to an all-time high, according to the International Energy Administration (IEA). Low…
Coal growth blip not to be repeated Read More »
Capesize The average of the Capesize timecharter routes climbed when the week first began, but soon dropped from over $10,000 threshold to $6,529 on Friday. The steep decline mainly came from the north Atlantic region. The transatlantic and fronthaul t…
Dry Bulk Market: Steep Fall for Capesizes Read More »
A “polycrisis” of interrelated environmental, geopolitical and socioeconomic risks could have a profound effect on the supply of and demand for natural resources over the next ten years, according to a global risks report. “Severe commodity price shock…
Polycrisis to disrupt commodity supply and demand Read More »
Optimism is still the prevailing feeling in the shipping market, although the start of 2023 could be better. In its latest weekly report, shipbroker Xclusiv said that “as we entered 2023, inflation is still here. Some countries still struggle to tame t…
Positive Sentiment in Shipping Still the Norm, Despite Rocky Start to 2023 Read More »
Newbuilding activity for 2023 has began to pick up the pace, with the main focus, so far, being orders on Chinese shipyards, mainly for dry bulk carriers. In its latest weekly report, shipbroker Allied Shipbroking said that “newbuilding orders over rec…
Newbuilding Orders for Chinese-Built Dry Bulk Carriers On the Rise Read More »