Chinese steel production dropped by one million (1m) tonnes, a decline of 1.2%, compared to October last year. China produced 81m tonnes of crude steel in October 2019. This is the first decline in steel production year-on-year (y-o-y) since December 2…
Chinese steel production declines for the first time in 21 months (year-on-year) Read More »
Chinese steel production dropped by one million (1m) tonnes, a decline of 1.2%, compared to October last year. China produced 81m tonnes of crude steel in October 2019. This is the first decline in steel production year-on-year since December 2017. The…
The dry bulk market is perilously close to ending the year in the same dire manner with which it began it. In its latest weekly report, Allied Shipbroking commented that “on Friday, the average of the year so far for the BDI closed at 1,346bp, almost p…
Dry Bulk Market: Capesize Segment Could Face More Downward Pressure Read More »
Capesize For most of the week the rates were nudging up under a flurry of activity in the Pacific as levels for the West Australia to China C5 route were being fixed in the upper eight-dollar level for usual 170,000dwt vessel, 10% cargo. FMG fixed a Ne…
Dry Bulk Market: Capesize Market in Mixed Mode Read More »
Ship owners are adopting a rather conservative approach, when it comes to their new investments in the market, given the amount of uncertainty there is on the market. In its latest weekly report, shipbroker Intermodal said that “the improvements seen i…
Ship Owners Adopting “Defensive” Tactics Read More »