The Panama Canal, one the world’s largest shipping gateways is plagued by drought issues, adding another factor in the shipping market’s freight rate equation. In its latest weekly report, shipbroker Gibson said that “the Panama Canal stands as one of …
Panama Canal Drought Issues Improved, But Not Eradicated Read More »
Capesize The week started with a modest increase on the BCI 5TC, accompanied by steady activity in the Pacific and relatively calm conditions in the Atlantic. As the days progressed, the Pacific market saw increased activity and rising rates, particula…
Dry Bulk Market: Capesizes Keep Momentum High Read More »
The law of guarantees is not always obvious or easy to understand without proper guidance. This article clarifies the difference between a guarantee and an indemnity, why it matters, and what steps can be taken to protect the shipowner’s position. Ship…
Is your guarantee a guarantee? Note to shipowners Read More »
Brazil’s iron ore exports grew by 7.9% in 2023, favoring higher ton-mile demand for dry bulk carriers. In its latest weekly report, shipbroker Banchero Costa discussed the global iron ore trade and Brazil’s exports in particular. According to the repor…
Dry Bulk Market Benefiting From Higher Brazilian Iron Ore Exports Read More »
The sky’s the limit” for the use of derivatives in the shipping industry, according to finance expert and academic Professor Nikos Nomikos. Speaking at a jointly hosted Baltic Exchange and Institute of Chartered Shipbrokers’ webinar, Nomikos, a profess…
‘Sky’s the limit’ for shipping derivatives Read More »