The situation so far This week, high level crisis talks were held between the US and Russia in an attempt to resolve the ongoing political situation and humanitarian crisis in Venezuela. However, both sides remain at odds with the legitimacy of Nicholas Maduro as president with Russia and China … [Read more...] about Venezuela sanctions update
What are today’s smart investment opportunities? Greener fuels, optimization and automisation of the logistics chain (artificial intelligence) and autonomous ships are great R&D investments for larger shipping companies that can afford them, however there are significant financial barriers … [Read more...] about Interview with a maritime hedge fund manager
The average one-year time charter rate for capes is currently estimated to be the same as the one-year rates for a handysize at $10,500. Historically, when capesize rates have been equal or fallen below rates for smaller bulk carrier, this has signified that rates have bottomed out and the market … [Read more...] about Capesize period rates fall to those of much smaller vessels
World steel production update The latest figures from the World Steel Association for January 2019 show that global steel production has grown by 1% year on year. Unsurprisingly, much of this growth can be attributed to Chinese steel production that has lead the way once again with a increase of … [Read more...] about In the news
The news has sparked supply concerns as closures are expected to hit production by 9% with an estimated 70m tonnes being affected. Iron ore prices have surged to record highs amid supply restrictions and it is not yet clear how long it will take for Vale to be able to return to previous output … [Read more...] about What next for iron ore?
If we break this down further to take in to account each individual sector of the dry bulk fleet, the Post Panamax sector accounts for the highest orderbook to in service vessels percentage, at 24% and in contrast the percentage for the Panamax fleet is just 2%, implying a trend towards the larger … [Read more...] about 2019 Dry Bulk Orderbook Summary
Effective immediately, the actions prevent companies from entering into financial transactions with PDVSA, any purchase of Venezuelan oil by US entities would flow into blocked accounts to be released only to the legitimate leaders of Venezuela. The US, Canada, Brazil, Columbia and a group of major … [Read more...] about How will US sanctions on Venezuela impact tankers?
Whilst this time of year is traditionally slow for dry bulk markets as the far east prepares for Chinese New Year, in the short term the sentiment has been further amplified by news of the tragic dam break at Vale’s Corrego do Feijao iron ore mine in south eastern Brazil which has sparked concerns … [Read more...] about Fall in the BDI- is this more than a seasonal lull? Should we fear for a bad year?