Maritime Strategies International explores the impact on dry bulk demand from China’s slowing property sector, with all construction-related commodities likely to see a decline in imports. Read more in Lloyds List
Dry Bulk
New figures suggest shipping rates may have passed their peak – but supply chain crisis to continue
Shipping rates from China to the US have “finally slumped” with spot rates halved on some routes due to power cuts and Covid-19 outbreaks in China, according to an industry report. Read more in The Institute of Export Trade News
Chinese player seeks redress in Greece over failed supramax sale
A budding Chinese owner has been frustrated in his attempt to buy his first ship after sellers allegedly failed to deliver the supramax as agreed earlier this year. Read more in TradeWinds
Capesize rates shrug off China concerns to set new high
While that is the case, MSI expects weaker rates to emerge before the end of the year due to growing fears of a potential slowdown in China that may impact trade. Read more in Lloyd’s List
Shipping stocks hammered as China fears intensify
Maritime Strategies International (MSI) cautioned, “Signs are mounting that suggest underlying consumption of raw materials in China is under threat.” Read more in American Shipper
Secondhand bulker prices almost double in 2021
More than 550 dry bulk vessels changed hands in first half of 2021, Maritime Strategies International data shows, which is a big jump from the 600 vessels involved in sales and purchase transactions in both 2020 and 2019. Read more in Lloyds List
Summer’s dog days see dry bulk market still playing the waiting game
Champagne corks are popping but adjust for the impact of China’s port delays and the outlook shows greater fragility writes Will Fray from Maritime Strategies International. Read more in Splash247
China bulker pileup dwarfs California container-ship gridlock
Read more in Hellenic Shipping News
Diamlemos fleet whittled down to two vessels after sale of last tanker
Piraeus-based Diamlemos Shipping is left with two 20-year-old bulkers in its fleet after offloading its last tanker. Read more in TradeWinds
Getting the balance right on shipping’s GHG emissions reductions
Complying with IMO’s short-term greenhouse gas (GHG) reduction strategy will not be easy, but non-mandatory measures will prove more challenging, write MSI’s David Jordan and Will Fray. Read more in Riviera