Strike action at ports on the US East and Gulf Coast ended last night, Thursday, after a new wage agreement was reached – but a backlog of more than 40 ships waiting to offload billions of dollars of cargo means the pain is not yet over. The Internatio…
Agreement reached to end US port strike – but supply chains will take weeks to recover Read More »
The dry bulk market could benefit from a Chinese real estate market revival, after the latest stimulus unveiled by the country’s central bank. In its latest weekly report, shipbroker Xclusiv said that “China’s central bank has introduced a wide-ranging…
Dry Bulk Market Could Benefit from China’s Stimulus Read More »
This week’s focus is on the U.S. port congestion amid recent port strikes. The ongoing U.S. port strikes, particularly at the Port of New Orleans, are causing significant congestion and delays. As one of the key Gulf Coast ports, New Orleans hand…
Dry Weekly Market Monitor: US port strikes – New Orleans congestion Read More »
Yesterday (3 October), a new report released by the Zero Emission Maritime Buyers Alliance (ZEMBA) and Lloyd’s Register Maritime Decarbonisation Hub found that e-fuel-powered shipping services are projected to be available for ZEMBA’s next tender. Spec…
The ship recycling market is showing some early signs of life, with the Indian market emerging as a bright spot. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading global cash buyer of ships said that “the ship recycling industry d…
Ship Recycling: India a Bright Spot Read More »