Ship owners are contracting more bulkers in the newbuilding market. In its latest weekly report, shipbroker Allied Shipbroking said that it was “another week with few dry bulk transactions coming to light in the newbuilding market, but with some very i…
Ship Owners Are Snapping up Bulkers in the Newbuilding Market Read More »
With the recent rapid surge in the COVID-19 cases, coal demand in India is forecast to slow down in May and June to around 15 million tons (mt) each month, down 22% from the April 2021 level, following an 8.4% month-on-month (m/m) rise in April. In the…
In the early hours of 22 April 2021, Vale – the Brazilian mining giant, was ordered to temporary suspend shipping activities at the country’s Guaiba Island terminal, a dedicated iron ore export terminal. Later that day, the hurdle was cleared, an…
Demand from China is expected to propel the dry bulk market forward this year, as the country’s economy rebounds from the pandemic. In its latest weekly report, shipbroker Allied Shipbroking said that “the latest news from China’s National Bureau of St…
Dry Bulk Market: Latest Data Suggests China Will Keep Feeding Demand Growth Read More »
Strong Chinese steel output has been a fact: China produced 94.02 million tonnes of crude steel in March (up 19% from a year earlier) and, therefore, demand for the raw steelmaking ingredient of iron ore has also been supported. The infrastructure-inte…