Box lines benefit from seasonal demand
Demand levels are high ahead of the early Chinese New Year shutdown. But analysts warn that a sting in the tail will come in February.
Dry bulk market fragile as IMO 2020 takes its toll
Despite the Baltic Dry Index moving up by two points on Friday to 774 market participants hold a dim view as the International Maritime Organisation sulphur cap rules takes its toll. A producer of iron ore or coal sees a 40% increase in freight cost overnight with no ability to recover those costs.
Hyundai Heavy targets $16bn in new orders for 2020
Deal target remains unchanged from 2019. The group only managed to meet 76% of the goal last year.