During the past two decades, China’s rise as an economic powerhouse has also triggered a massive expansion of the shipping industry, both in China, but also globally. So, with the country coming to terms with the first major economic crisis of its rece…
China’s Influence on Global Shipping Now More Important Than Ever Read More »
Capesize As the halfway mark of 2020 arrives, the capesize market is making new highs for the year. From persistent lows earlier caused by a barrage of negative factors, the capesize 5TC market has outperformed in spectacular fashion to now reside at $…
Dry Bulk Market: Capesize Market Reaches New Highs Read More »
It is the panacea for all markets, the biggest factor that could help us recover some sense of normality, the only thing that will bring a smile to suppliers across the world. It is, of course, increasing demand. The virus has caused huge disruption an…
Did Someone Mention Increasing Demand? Read More »
Ship owners are turning towards second hand ships in the post-pandemic era, at least for now, turning their backs on newbuilding orders. In its latest weekly report, shipbroker Allied Shipbroking said that “on the dry bulk side, the relatively good mom…
Second hand Ships A More Attractive Proposition for Ship Owners At Present Read More »
Dry bulk shipowners have had solid reasons to smile this week and rightfully so. The physical market recorded an impressive rally and fixtures reported seem unable to “beat the index” as it is breaking records day by day. Same rally was followed by the…
Has the dry bulk tide turned? Read More »