The outbreak of the novel coronavirus, recently dubbed COVID-19, continues to generate massive economic and financial uncertainty when it comes to China and global shipping. Two weeks ago, we argued that – from an economic perspective – when Chin…
Global shipping holds its breath as the coronavirus continues to spread Read More »
The shipping industry is in front of a monumental shift in its way of doing business, as the risk assessment tools of the past no longer apply, when it comes to making informed investment decisions. In its latest weekly report, shipbroker Allied said t…
Shipping Needs to Change its Business Model to Survive Future Crises Read More »
The Capesize market has long been in negative territory, leaving ship owners with older ships in their “arsenal” with little no options. As such, over the course of the past few weeks, there’s been a wave of sales for demolition. In its latest we…
Capesizes Sold for Scrap Increase In Numbers Read More »
Capesize Riding the downward momentum of the previous week, the market was always going to be hard pressed to make any sort of revival. With multiple drivers including Coronavirus, rail flooding in East Australia, rains in Brazil and a tropical cyclone…
Dry Bulk Market: Capesizes Still Suffering, but Some Respite Seen for Smaller Classes Read More »
The shipping industry as a whole is in dire straits, as a result of the negative impact from the Coronavirus. It’s not only freight rates which are crashing, but also other aspects of the industry, like for instance shipbuilding and shiprepair ac…
Shipping in Peril From the Coronavirus Aftermath Read More »