Demand from China is expected to propel the dry bulk market forward this year, as the country’s economy rebounds from the pandemic. In its latest weekly report, shipbroker Allied Shipbroking said that “the latest news from China’s National Bureau of St…
Dry Bulk Market: Latest Data Suggests China Will Keep Feeding Demand Growth Read More »
Strong Chinese steel output has been a fact: China produced 94.02 million tonnes of crude steel in March (up 19% from a year earlier) and, therefore, demand for the raw steelmaking ingredient of iron ore has also been supported. The infrastructure-inte…
Container shipping: The fundamentals of container shipping companies remain strong with liners set to enjoy a prolonged cycle of profitability extending into at least the next couple of years. Lines going back to deeply loss-making even in a down cycle…
Drewry Maritime Financial Insight – April 2021 Read More »
Tanker demand is here to stay for the next few decades at least. In its latest weekly report, shipbroker Gibson said that “last week we wrote about the future of North Sea oil production and how it is a story of two halves. With production in the UK se…
Tankers Will Be in Demand For Many More Years Read More »
Capesize The Capesize market this week reached rate levels equivalent of last year’s highs. The 5TC rose $6,242 to settle at the end of the week at $34,762. The Transatlantic C8 roared to life throughout the week and is now the premium paying basin up …
Dry Bulk Market: Capesizes Reach Last Year Highs Read More »