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Behind the unassuming front of a suburban redbrick cottage lies a spectacular modern home The four-bedroom in Fullarton, 10 minutes drive from the heart of Adelaide, is described as out of this world Standout features include a heated swimming pool, custom wine cellar and sprawling sunlit living spaces The listing agent has described the house as like stepping straight into a Vogue magazine shoot ....
Speaking at an ask the analyst session at the Sea Asia Virtual Preview event, Khalid Hashim, managing director of Precious Shipping said the fundamentals for the dry bulk market were very different compared to the post-2009 crash period and the market lows seen in 2016. Hashim said that the pandemic had made predicting and analysing trade demand incredibly difficult. Clarksons pegged world dry bulk demand growth at 4.36% for 2021 and while that estimate was higher earlier in the year, Hashim expected it to rise again as the year progressed. That demand growth compares to net fleet growth expected around 1.7%, and a low orderbook to fleet ratio of 5.75%. In the wake of the financial crisis in 2009 the orderbook to fleet ratio was 80.49% and net fleet growth was 9.23%, leading to a period of worsening oversupply, “this time, it’s different,” he said. ....