No sense of direction and a “sea of uncertainty” are the reasons behind the dry bulk market’s lackluster performance of late. As a result, 2019 ends with a lack of optimism on the future. In a recent weekly report, shipbroker Allied Shipbroking said th…
Dry Bulk Market Plagued With Uncertainty Read More »
CONFIDENCE CLIMBS TO 18-MONTH HIGH In November 2019, the average confidence level expressed by respondents was 6.4 out of 10.0, compared to 5.8 in August 2019. This is the highest rating since the same level of confidence was recorded in May 2018, and …
Shipping confidence hits 18-month high Read More »
The US has seen a big drop in the import of Christmas tree lighting sets from China. In the first ten months of 2019, the US imported 147 million Christmas tree lighting sets, just over half of which came from Cambodia, a big change from 2018, where &#…
BIMCO Shipping number of the week: 147 million Christmas tree lighting sets Read More »
Ships’ recycling activity has accelerated over the past couple of weeks, in what appears to be a long-awaited increase in sales of older vessels. In its latest weekly report GMS, the world’s leading cash buyer of ships, said that “activity has ramped u…
Demolition Market Fired Up Read More »
One of the most worrying trends that has developed recently – which will affect shipping demand in the years to come – is the falling trade-to-GDP ratio. The falling ratio can be explained by slowing globalistation as well as increasing pro…
BIMCO: Shipping’s Supply And Demand Trending Off Balance Read More »