Capesize The Capesize market continued the trend from last week, seeing solid improvements throughout the week on all routes – but lost ground in the very last day of the week. The timecharter average was up to the highest of the bulker sectors i…
Dry Bulk Market: Capesize Market Rebounds Strongly Over Past Week Read More »
The dry bulk market is slated for a renewed rally during the summer months, one which could see rates return to records not seen since 2008. In its latest weekly report, shipbroker Allied Shipbroking said that “last week’s (7-11 June) stellar performan…
Dry Bulk Market Could Be Headed Back to 2008 Read More »
Overview A buyer’s payment instalments are at risk under a shipbuilding contract until the shipyard delivers the ship. To safeguard against the risk of the shipyard defaulting or becoming insolvent it is common practice to cover this risk with a refund…
BIMCO publishes new standalone Refund Guarantee for Shipbuilding Contracts Read More »
Global food trade looks set for a resilient year ahead despite supply and demand uncertainties, according to a report from the Food and Agriculture Organization of the United Nations (FAO). Trade flows for agricultural, and particularly less-perishable…
The product tanker market has a long way to go, as global gasoline demand is expected to lag in terms of demand recovery, with crude oil expected to recover first. In its latest weekly report, shipbroker Intermodal said that “while approaching the seco…
Product Tanker Market Recovery Still Has a Long Way to Go Read More »