Donald Trump’s announcement on Monday of an additional 10% tariff on all China imports and 25% from Canada and Mexico is a warning to shippers over the unpredictability and chaos awaiting in 2025. During the election campaign, Trump vowed 60% tariffs o…
Crude oil imports have been growing this year, albeit at a smaller rate than 2023, with China, the world’s leading importer, slowing down its demand. In its latest weekly report, shipbroker Banchero Costa said that “2023 has been another positive perio…
Tankers: China’s Crude Oil Imports Slightly Lower This Year Read More »
This week’s highlight delves into the evolving dynamics of Capesize ballasters in the South Atlantic and West Australian markets. Notably, the C3 Tubarão-to-Qingdao route has yet to experience a rate rebound, despite a recent decline in the number of b…
Dry Weekly Market Monitor: Capesize Market Read More »
Moody’s latest Global Macro Outlook 2025-2026 paints a sobering picture of the global economy. While the short-term outlook appears stable, the long-term trajectory is uncertain, primarily driven by potential shifts in US domestic and internation…
A new era of trade uncertainty Read More »
In its latest weekly report, shipbroker Xclusiv said that “as we approach the end of 2024, we observe that dry bulk prices have increased significantly this year, reaching their year-to-date highs during Q3 2024. More specifically, within early Q3 2024…
Dry Bulk Shipping: Second Hand Prices Reach Year-to-date Highs Read More »