The fundamental balance in the market has worsened in 2019 with supply growth outstripping demand, and BIMCO expects that this will continue into 2020. Demand drivers and freight rates After peaking in September, the fundamentals of the market have beg…
In the maritime world conversations among professionals soon turn to China, reflecting the country’s pervasive influence. After rapid enlargement during the past two decades, this presence is at the forefront of both the demand and supply sides of many…
China’s all-embracing maritime influence Read More »
Capesize After a week of value being eroded on the Capesize market, Friday brought improved sentiment across most of the routes. The 5TC average opened the week at $20,970 and closed out Friday up $580 to settle at $18,930, illustrating clearly the det…
Dry Bulk: Capesize Market Ends Week With Slight Improvement 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 (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…