Breaking News

Chartering

Complications result from China’s efforts to reduce carbon emissions

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. …

Read More »

China’s extreme measures that caused the iron ore plunge

iron

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 …

Read More »

The tricky battle behind Australian iron ore exports

battle

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 …

Read More »

One more shipowner capped its spot rates

spot rates

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 …

Read More »

China’s stalled construction further threatens Australia’s iron ore exports

iron ore

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 …

Read More »