Geopolitican uncertainty has further compounded the overall subdued activity in the ship recycling market. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that “this week, the ship recycling market remai…
Ship Recycling Hit by Geopolitical Unrest Read More »
The recent reinstatement of a 25% tariff on steel imports by the United States, effective March 12, 2025, aims to protect domestic manufacturing but has significant implications for global trade dynamics, particularly concerning China’s steel exp…
Dry Weekly Market Monitor: U.S. Steel Tariffs on Chinese Steel Exports Read More »
The dry bulk sector, which handles a diverse mix of commodities, has recently lost momentum. In February 2025, the Baltic Dry Index dropped to its lowest level since early 2023, far below the highs of 2021-22. Dry bulk trade demand has slumped due to w…
Bulker shipping faces tough year as China’s manufacturing sector weakens Read More »
Capesize The Capesize market saw a strong upward trajectory throughout the week, with the BCI 5TC surging from $8,620 on Monday to $15,074 by Friday, reflecting improved sentiment across both basins. The Pacific market was notably firm, driven by a tig…
Dry Bulk Market: Capesizes in Strong Momentum Read More »
The share of US imports in the global aluminium trade has been declining gradually over the past few years, while the country’s share in the global imports of iron and steel has been increasing. For any significant decline in US imports, the country wi…
U.S. metal trade dynamics: Tariffs, imports, price surge and its impact on shipping Read More »