In its latest weekly report, shipbroker Intermodal said that “spot rates for Capesize bulk carriers received a significant boost last week, however, there are certain reservations in the market regarding the potential levels we will see during th…
Dry Bulk Market Facing Volatility, but Long-Term Fundamentals Are Positive Read More »
Although many of China’s major bulk imports, such as iron ore and crude oil, have seen strong growth so far this year despite the COVID-19 pandemic, imports of coal have followed the opposite trajectory. Staggering high growth in January through April …
Stalling Chinese coal imports are not due to trade tensions Read More »
BIMCO is concerned that the inclusion of shipping in the EU Emissions Trading Scheme (ETS) will inhibit global action on reducing CO2 emissions. “If the EU implements a regional ETS, shipping risks getting hit by multiple emission trading systems which…
BIMCO: EU Emission Trading Scheme will inhibit global CO2 reductions Read More »
With a global recession raging once again, as a result of the pandemic, ship owners are more inclined to let go of older, non-viable tonnage. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “a blast from the past on two occasio…
Robust Demolition Activity Indicates Shipowners’ Willingness to Let Go of Older Tonnage Read More »
The world is in the midst of the second coronavirus wave and with that comes the natural question of how the current dynamics will play out for the dry bulk shipping market. Demand and the subsequent cargo flow of the major dry bulk commodities are cri…
How the major dry bulk commodities drive the freight market into Q4 Read More »