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Understanding geopolitical impact in shipping with Arrow Shipbroking seatrade-maritime.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from seatrade-maritime.com Daily Mail and Mail on Sunday newspapers.
We were delighted to return to Posidonia for a fully booked keystone conference on managing risk across freight markets at The Margi Hotel in Vougliameni. The Forum offered insight on dry cargo and tanker market outlooks from leading shipping analysts, alongside updates on benchmark and service changes from Baltic Exchange CEO Mark Jackson. “It’s been . ....
The new Covid-19 mutation, Omicron, could potentially undermine the much-needed market upturn for the tanker industry. Carriers say they need more information to comment on the impact. ....
Synopsis Growth in bauxite, coal, and grain trades, supported by pickup in global and Chinese demand for minor ores and other bulks, will keep vessel supply tight and support a high freight market in the short term. Getty Images The rebound marks a stark reversal in fortunes for a corner of the shipping industry that saw rates slide to a four-year low fewer than 12 months ago. The super-charged rally in commodity prices has made shipping more expensive than any time in the past decade, reviving the fortunes of an industry that was on its knees just a year ago. The scale of the boom, with red-hot demand almost everywhere on the back of a broad economic recovery and vast stimulus programs, has stretched global shipping as products such as soybeans and logs compete with traditional cargo mainstays of coal and iron ore. The surge also highlights the pressures the commodities industry is under to meet that growth. ....
By Thomas Biesheuvel, Prejula Prem and Annie Lee (Bloomberg) The super-charged rally in commodity prices has made shipping more expensive than any time in the past decade, reviving the fortunes of an industry that was on its knees just a year ago. The scale of the boom, with red-hot demand almost everywhere on the back of a broad economic recovery and vast stimulus programs, has stretched global shipping as products such as soybeans and logs compete with traditional cargo mainstays of coal and iron ore. The surge also highlights the pressures the commodities industry is under to meet that growth. ....