Dry bulkers have been the “weapon of choice” for ship owners, when it comes to newbuilding orders. In its latest weekly report, shipbroker Allied said that it was “a busier week than the last for reported contracting activity and yet another where addi…
Ship Owners are Stockpiling Bulker Newbuildings Read More »
The second week of October brought both promising and concerning developments in the shipping industry. In the Capesize Brazil to North China route, freight rates continued to exhibit strength, reaffirming their resilience in the face of various market…
Capesizes Throughout the week, the cape market has displayed remarkable resilience and positivity, defying challenges such as holidays in the Far East. The Pacific market saw strong activity at the beginning of the week, with increasing rates and well-…
Dry Bulk Market: Capesize Market on the Rise Read More »
During the first nine months of 2023, coal shipments to the world’s second largest importer of seaborne coal, India, fell 9% y/y. A 12% y/y rise in domestic coal mining replaced imports and electricity production continued to rise despite lower product…
Coal shipments to India fall 9% as domestic mining increases Read More »
The newbuilding market is in full swing it seems, as more and more contracting is being reported. In its latest weekly reports, shipbroker Allied said that “apart from the confirmation of CMA CGM’s order for 8 methanol-DF vessels (reported week 25) and…