Recent gains in the capesize market have spread to other dry bulk segments, especially the panamax market, leading the Baltic Dry Index, a benchmark indicator for investors, to reach its highest level since January 2014.
The world’s largest LNG bunker supply vessel, M.V. Kairos, has been delivered to Babcock Schulte Energy, a 50:50 joint venture between Babcock and Bernhard Schulte Shipmanagement.
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The trade war and particularly the Chinese tariffs on imports of US soya beans can now clearly be seen with the start of the soya bean peak exporting period in the US.
The Panama Canal closed its 2018 fiscal year with a record tonnage of 442.1 million Panama Canal tons (PC/UMS), a 9.5 percent increase from the previous year.
VesselsValue:
Predicting the recovery in asset prices involves many factors, and the current strength of spot market returns, or term hire rates are only a part of the story, VesselsValue said.
Forecasters reduced estimates for Chinese economic growth over the coming quarters as recent government measures to counter an escalating trade war with the U.S. were seen as inadequate.
China’s latest report on economic growth fell short of expectations, but for those who monitor traffic on the global water highways, the news was not a surprise.
Despite efforts by the Trump administration to turn it, a supertanker is bearing down on drivers, oil majors, and even Amazon.com Inc.
Shortage of thermal coal supply in India has pushed imports up to 85 million tonnes (mt) in the first half of the current fiscal compared to 75 mt logged in the same period last year.
Chinese imports to U.S. ports rose more than expected in June, suggesting that some retailers moved up orders to insulate themselves from an intensifying trade war that threatens to send up costs on a growing number of consumer products.