By Ann Koh and Hallie Gu (Bloomberg) –Dirty bulk ships used to carry iron ore are being scrubbed clean so that they can transport grain to Asia, in an unusual shift.
Dirty bulk ships used to carry iron ore are being scrubbed clean so that they can transport grain to Asia, in an unusual shift of cargoes prompted by a slump in demand for the steelmaking ingredient. China’s downturn in the housing market has weighed on iron ore, driving freight rates…
By Ann Koh and Liz Ng (Bloomberg) — Cargo ships suffering from weak Chinese demand for iron ore are finding a more lucrative alternative as the global energy crisis spurs a.
John Fredriksen’s Golden Ocean has just presented its largest profit ever, and the carrier is prepared to capitalize on a long-term boom in dry bulk, tells CEO Ulrik Andersen to ShippingWatch. The second half-year of 2022 is expected to be particularly profitable.