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Finance & Markets

Dry Bulk Shipping: Escalating attacks on ships heighten uncertainty

“Geopolitical disruptions continue to cloud the dry bulk market outlook. The effective closure of the Strait of Hormuz remains the largest source of uncertainty, while attacks on ships and port infrastructure in the Black Sea have added another layer of risk,” says Filipe Gouveia, Shipping Analysis Manager at BIMCO. Typically, around 4% of dry bulk ...

hellenicshippingnews.com ·1h ago

We haven't written up this one. Hellenic Shipping News has the full story — the link below goes straight to it.

Read the original at hellenicshippingnews.com →

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Shifts in cement trade help support the Supramax market

China’s property slump has turned Asia’s cement trade inside out. The cargo has not grown much, but it now travels much further, and Supramaxes are doing most of the extra work.

China's property market slump shifts Asia's cement trade to Supramax ships.
Vietnam exports clinker to Bangladesh, Philippines, West Africa.
US, Vietnam, Turkey become key destinations for Vietnamese cement.

1h ago ·hellenicshippingnews.com

So much for Burnham's grand plans... this was the blandest budget in living memory: ALEX BRUMMER

With an effective majority of 167 in the Commons Andy Burnham's government ought to be decisive. Instead, John Healey's Budget was timid.

1h ago ·thisismoney.co.uk

Baltic Dry Index at Over 2-Week High

The Baltic Exchange’s dry bulk freight index, which tracks rates for ships carrying dry bulk commodities, was up for a second session on Thursday, rising by 2.3% to its highest since October 13 at…

1h ago ·hellenicshippingnews.com

Gulf Congestion Rises, Fujairah Takes 28%

Fujairah records the largest concentration of waiting bulk vessels. More than six months into the Middle East shipping crisis, vessel waiting remains elevated across the Arabian Gulf and Gulf of Oman.

Fujairah sees 28% increase in waiting dry bulk vessels
74 vessels recorded at Fujairah on 28 October
Supramax vessels lead the waiting list with 40%

1h ago ·hellenicshippingnews.com

Ship Recycling Market: Steady as She Goes

The ship recycling market has remained broadly stable over the past few days. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that “the Indian ship…

1h ago ·hellenicshippingnews.com

History Says Adobe Stock Comes Back From Deep Drops. It's Now 64% Below Its 2021 Record.

Key PointsBefore this slide, Adobe stock had dropped at least 30% from a record close eight times since 1990, and it hit a new record after every one.

1h ago ·nasdaq.com

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