Global shipping issues are harming US agricultural exports and intervention by Congress is urgently needed to address delays and congestion at US ports, ag interests told the House Transportation Coast Guard and Maritime Transportation Subcommittee. Pr…
Agriculture interests press Congress to tackle shipping delays Read More »
Coal exports have staged a significant recovery so far in 2021, helping the dry bulk market’s rally, despite the recent correction. In its latest weekly report, shipbroker Banchero Costa said that “2020 proved to be a truly terrible year for global sea…
Dry Bulk Market: Seaborne Coal Trade Stages Recovery During 2021 Read More »
The dry bulk market’s rally has come to an abrupt end since reaching a 10-year high at the start of October, losing close to 45% since. In its latest weekly report, shipbroker Allied Shipbroking said that “the Capesize market has witnessed an excessive…
Dry Bulk Market: “Cracks” Are Starting to Show in the Capesize Segment Read More »
A steady rally in the dry bulk market this year hasn’t been translated to a similar case in terms of newbuiding ordering activity, although orders have certainly rebounded to healthier levels. In its latest weekly report, shipbroker Allied Shipbroking …
Ship Owners’ Wary of Oversupply “Killing off” the Dry Bulk Market’s Recovery Read More »
Despite the very strong freight rates and the apparently tight market, the all-important driver for dry bulk shipping, China, has in fact seen imports of its two largest dry bulk commodities shrink year-on-year so far this year. The two largest importe…
BIMCO: Chinese coal and iron ore imports down from last year Read More »