The trajectory of new build prices which have soared up by as much as 50% in less than three years is dividing experts. “There’s no sign yet that newbuild prices are close to peaking,” said Giuseppe Rosano, founder of London-headquartered brokers Alibra Shipping. “Newbuilds will always attract … [Read more...] about Trajectory of soaring new build prices divides opinion
China on track to smash coal import records
Dry bulk rates would be in a much worse state were it not for the sensational amount of coal China has been importing in recent months “Without these coal imports the bulk markets would be in the pits,” commented Giuseppe Rosano, founder of UK broker Alibra Shipping, noting how iron ore imports … [Read more...] about China on track to smash coal import records
Chinese steel demand proving elusive this year
Owners must now brace for a disappointing steel season out of the sector’s most important nation, China. Trying to get a fix on where the Chinese economy is heading has been a tricky task for many in dry bulk over the past year. Giuseppe Rosano, founder of London brokers Alibra Shipping, conceded: … [Read more...] about Chinese steel demand proving elusive this year
Volatility and uncertainty on the tanker front
For the first quarter of 2020, we have been dealing with an exceptionally unusual situation to say the very least due to the COVID-19 pandemic that continues to have an unprecedented impact globally. In the tanker market, we would usually expect some volatility in the first few months of the year … [Read more...] about Volatility and uncertainty on the tanker front
