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While tanker owners toast their good fortune, bulker operators are downing a cocktail of higher costs, weaker demand and a supply side influx.
Roundup of the latest Capesize, Panamax, Supramax, Ultramax and Handysize markets from The Baltic Exchange.
Strikes over pension reform in France could slow grain exports from this month by preventing enough supplies from reaching ports and by making the French crop too expensive to compete overseas.
Daewoo Shipbuilding & Marine Engineering Co., the world’s second-largest shipbuilder by order backlog, is seeking to secure deals worth more than US$6.88 billion this year, an official said Saturday.
Iron ore imports plummeted 90 per cent (by volume) during the April-October period this fiscal as steel makers opted for domestic sourcing, amid escalating international prices.
The global dry bulk shipping market is anticipated to grow at a compounded annual growth rate (CAGR) of 4.14% during the period spanning 2019 - 2023. The market is expected to be valued at US$402.65 billion in 2023.
The global soybean market will have a tough job in 2020 adapting to the impact of the most recent chapters of the US-China trade dispute, the prolonged influence of African swine fever on Chinese consumption and the rise of Brazil to the top spot in global production rankings.
The shipping industry faces some very significant challenges over the coming years but has a number of reasons to be cheerful as it enters a new decade, according to accountancy and business advisory firm BDO.