In this week’s meeting of the National People’s Congress, China announced slower growth this year, with its gross domestic product (GDP) growth targeted at a range of 6 to 6.5% in 2019. This should not come as a surprise as there have been a flur…
Dry Bulk Market: Commodity slowdown in China could be different this time Read More »
Speculative orders have vanished from the newbuilding scene of late, with the majority of ship owners making moderate and calculated moves in the market. This has been the case so far in 2019, with prices stabilizing as a result. In its latest weekly r…
Newbuilding Prices Stabilize, as Do Orders Read More »
A more cautious investors’ approach to arranging additional new vessel capacity has been a notable feature of global shipping markets in the past few years. Since orders for newbuildings collapsed to a small volume three years ago there has been a revi…
Orders For New Ships: Cautious Investors Prevail Read More »
High iron ore inventories at Chinese ports and looming uncertainty in the global economy are threatening the demand for Capesizes. We believe demand for Capesizes in 2019 will be proportional to iron ore inventories at Chinese ports. Even though China’…
Port inventories’ nightmare to haunt Capes? Read More »
While the IMO 2020 regulations bode well for the product tanker market, other factors can come into play, which can have a negative impact. In its latest weekly report, shipbroker Gibson said that “the US product export market has been transformed over…
Potential Threat to Product Tanker Market from Mexico’s Refining Plans Read More »