Newbuilding prices rose by 15% on average in 2022 on the previous year with those for LNG carriers climbing by 18%, according to Clarksons Research. But the brokerage’s research arm […]
As has also been more widely reported today, China’s December import data was released. China imported 30.9 MMT of coal in December. This is down month-on-month by 1.4 MMT (-4%) […]
Seasonal woes As we start the new year, the seasonality of iron ore shipments is in full swing, and rates have started to fall. We look at some of the […]
Tucked away out of the spotlight in the Irish city of Cork, Tony Gurnee’s Ardmore Shipping isn’t the biggest or flashiest of public shipowners. But investors did make its stock […]
Star Bulk Carriers expects the supramax bulker spot market to pick up after the Chinese New Year after seasonal factors pushed rates to their lowest level in more than two […]
Data released today shows that 1.4 billion yuan in new loans were issued in China in December. This has marked a month-on-month increase of 190 billion yuan (16%) and a […]
John Fredriksen’s pursuit of Euronav is over. The Norwegian tanker magnate’s tanker firm, Frontline, on Monday announced it will no longer seek a combination with Euronav, ending one of the […]
An unprecedented lack of new vessels on order is set to propel shipping shares to new heights this year, according to Clarksons Securities. Stock prices in the sector worldwide increased […]
China’s reopening to the world over the weekend is seeing considerably more jet fuel about to be consumed in the world’s most populous nation, while for crew managers there’s relief […]
A Greek-managed bulker grounded in the Suez Canal but was refloated quickly, after three tugboats rushed to assist, Leth Agencies reported. The ship was the 76,500-dwt Glory (built 2005), according […]