Chartering

The country’s move to reduce carbon emissions has led to a string of economic challenges The world is close to facing a dire shortage of coal, an aftereffect of China’s ambitious carbon emission plans. While nobody can fault China for its climate-centred initiatives, many enterprises wound up facing liquidation possibilities. …

It began with iron ore, and now coal – for the same reasons Steel prices recently went off the charts from the country’s iron ore import curb, and violently shook the construction sector. The impact from supply shortage is now showing up in coking coal, stretching steelmaking to its limits. …

Steel mills suffered power outages, not to mention increased maintenance activities The industry may be seeing extremes of China’s vow to cut steel output, which badly impacted real estate developer Evergrande. Its ripple into the iron ore sector is equally worrying. Unclear steel outlook If President Xi’s pledge to not …

The republic’s environmental initiatives have caused substantial alarm China’s acts for climate interests through steel production curbs and coal reduction have put the dry bulk sector into panic mode. One badly hit commodity is iron ore, as proven by the current Evergrande’s crisis. Blows to dry bulk China’s pledge to …

Whom will make up for the shortfall China caused? China produced 86.8 million tonnes in July 2021, down 8.4 per cent from July 2020. This also rippled some damage into iron ore sector, given it is a key ingredient in steel. Steel prices soared from the glowing shortage thanks to …

  Panamax and supramax vessels clocked highest gains as at 15 September 2021 The viability of Panamax and Supramax vessels has crystalised. The Baltic Exchange’s main dry bulk sea freight index rose for a fifth straight session on Wednesday to its highest level in more than two weeks, on gains …

Iron ore producers competing for fair export allocation at Port Hedland The country’s iron ore export performance has been fluctuating from China’s steel output curbs. While the industry worries over plummeting revenue, competition from fellow producers is another to panic about. Battle of the 4 Early this month, shipments from …

Shortly after French player, CMA CGM announced the halt, Hapag-Lloyd followed suit French shipowner, CMA CGM, declared its decision to stop further increases in spot freight rates for all services until 1 February 2022. The company cited client relationship takes precedence over revenue. Shortly after, German player Hapag-Lloyd declared the …

Australia’s high iron ore exports to China may dissipate from halted construction works China’s reliance on Australia’s iron ore appeared to have taken a turn for the worse. The latter’s position as the top producer and exporter for China is back to shaky. China’s record import rates China reportedly imported …

Cargo owners fear hiked rates are here to stay The world supply chain is in shambles from congestions in major ports, and loadings cargo owners cannot afford. Shippers are visibly jaded with the chaotic environment. High costs to persist Negotiating chartering challenges and port congestions are no easy feats. After …