China retained its crown as the world's biggest shipbuilding nation in 2015, but with a 26% decline on year in newbuilding orders, chiefly due to "the abysmal state of the dry bulk market," Italian shipbroker Banchero Costa (Bancosta) said ...
Tags: Shipbuilding Sector, shipyards
Supramax shipowners are bracing for a tough finale to a disappointing year as limping grain and petcoke trade in the Atlantic fails to support the monstrous weight of available tonnage. That has been keeping freight rates low, while hopes ...
Tags: Supramax shipowners, grain, petcoke
Norwegian dry bulk carrier Golden Ocean said Tuesday it expected the market to remain difficult for the next 6-12 months, not least because of slowing Chinese economic growth, as it posted a bigger third-quarter loss year on year. "Well ...
Tags: Tankers, Golden Ocean, Dry Bulk Market
Panamax coal freight rates on established routes from South Africa's Richards Bay and Indonesia to India remained stable Friday, with a downward bias, as support from the South American grain season began to weaken, sources said. "Vessels ...
Tags: Panamax, Coal, Freight Rates
Panamax coal freight rates on established routes from South Africa's Richards Bay and Indonesia to India remained stable to higher on Wednesday, following a positive trend seen this week due to higher fixture activity, sources said. ...
Tags: Panama, coal freight rates, South Africa, India