A surge in COVID-19 cases around the globe is threatening to deepen and prolong the global economy’s recession, dealing a crucial blow to shipping demand in the process. In its latest weekly report, shipbroker Intermodal said that “the second wave of C…
Shipping’s Hopes of a Swift Demand Recovery Might Have to Wait Until 2021 Read More »
Dry bulk carriers have been in high demand recently, as ship owners looked to capitalize on second hand investment opportunities. In its latest weekly report, shipbroker Allied Shipbroking said that “on the dry bulk side, the SnP market remained active…
Dry Bulkers In Demand Read More »
The Chinese government has prohibited the import of Australian coal, which will be detrimental for dry bulk vessels as Chinese importers will shift from Australia to Indonesia and Mongolia, resulting in a decline in average haulage length and a loss in…
China-Australia tiff to hit dry bulk demand Read More »
Capesize The Capesize market kept up a constant precipitous fall in values this week. Opening at $29,479, the Capesize 5TC has closed the week at $19,952, a drop of almost -30%. The Atlantic has been the most affected of the basins, yet this is likely …
Dry Bulk Market: Capesize Market on Reverse Mode Read More »
The shipping market is undergoing a challenging 2020 in terms of freight rate market, amid a global pandemic, which has disrupted the global supply chain. In its latest weekly report, shipbroker Intermodal said that “the challenges brought forward in 2…
Demand for Seaborne Shipping Is Still Here Despite Pandemic Disruption Read More »