The second hand ship market has seen many new deals over the past week. In its latest weekly report, shipbroker Banchero Costa said that “in the bulk sector, the Panamax NAVIOS HELIOS 77,000 dwt 2005 Namura built was reported sold to Hong Kong interest…
Second Hand Ships Market Heating Up Read More »
According to the BBC and many other publications US-China trade tensions back as port fees take effect. The BBC says, “ The US and China started charging new port fees on each other’s ships on Tuesday, as trade tensions between the world’s …
Port fees skyrocket amidst US-China trade tensions Read More »
Containership charter rates have remained on a steady upwards trajectory this year and remain 200% higher than in 2019, despite slumping spot freight rates (see chart), to which some carriers point as evidence that talk of overcapacity in the market is…
Overpriced charter market is due a correction after 5-year boom Read More »
The trade tensions have officially spilled over to the shipping industry. In its latest weekly report, shipbroker Xclusiv said that “Beijing has answered Washington’s planned port dues with its own maritime counterpunch. From the same day the U.S. meas…
Container Shipping and Tankers Facing the Trade Tensions “Storm” Read More »
China’s suspension of US soybean imports amid trade tensions has disrupted seasonal shipping flows, with no cargoes arriving so far this season. Typically, 12 million tonnes move from the US to China between October and November, generating around 120 …
China’s halt on US soybean purchases threatens Panamax demand Read More »