Exports to China rose in January, reaching 1.4 million tonnes, up from only 69,079 tonnes in December and accounting for 30.7% of total US soya bean exports in January. This is the highest monthly exports to China since March 2018 which marked the star…
Chinese Purchases Of US Soya Beans Bounce Back In January Read More »
Capesize The Capesize market endured another week of frustrating troughs as rates languished at near historical lows. Monday’s Baltic Capesize Index (BCI) route 5TC posted an index down -145 to settle at $4,035 and by Friday finished at $3,796. The beg…
Dry Bulk Market: Frustration Abound for Capesizes Read More »
It is difficult to successfully argue that contractual performance has been prevented or delayed by force majeure. This is in part because English courts or arbitration tribunals will interpret these clauses strictly and narrowly against the party seek…
Force majeure success not a sea change Read More »
A reduction of 50% in the Baltic Dry Index from mid-December until the end of January has created “waves” in the S&P market as well, with values falling. In its latest weekly report, shipbroker Intermodal said that “contrary to the December 2018 fo…
The business section of any publication is usually chock full of indices like the S&P, ZEW and the CPI, all of which are used by investment professionals to help gauge the health of the economy. However, when it comes to the shipping industry, whic…
Decoding the Baltic Dry Index Read More »