In a recent weekly report, shipbroker Banchero Costa said that “soybeans are one of the most important dry bulk commodities, and account for almost 5 percent of all seaborne dry bulk trade. In the last calendar year, Jan-Dec 2024, total seaborne export…
Dry Bulk Shipping: Brazil’s Soybean Exports on the Rise Read More »
The dry bulk market has been staring at a major paradox this year, China’s iron ore import demand amid adverse local market conditions. In its latest weekly report, shipbroker Intermodal said that “one of the more interesting paradoxes in today’s dry b…
The Dry Bulk Market’s Paradox: China’s Iron Ore Imports’ Demand Read More »
The ceasefire in the Red Sea could have a significant impact in the product tanker market. In its latest weekly report, shipbroker Gibson said that “the latest ceasefire between Israel and Hamas has again raised hopes of a normalisation of Red Sea tran…
Product Tankers: How Will the Red Sea Reopening Impact the Market ? Read More »
Dirty tanker spot freight rates moved higher across the board in October, OPEC said in its latest monthly report. VLCC spot freight rates showed further gains, building on the previous month’s surge. Gains were driven by higher demand on long-haul rout…
Tanker Spot Market on the Rise During October Read More »
Chinese owners have dominated ordering activity at Chinese shipyards, accounting for over 65% of them, with foreign-based owners scaling back their contracting, because of the looming uncertainties. In its latest weekly report, shipbroker Xclusiv said …
Chinese Owners Dominate Orders at China’s Shipyards Read More »