The ongoing war between Russia and Ukraine is getting more and more grisly each passing day. Inevitably, there will be remarkable alterations in the shipping industry too. Let’s take a look at the situation on our blog. The Black Sea, in the heart of the infight, is a pivotal transition point for agricultural and oil-related…
Dry bulk freight rates set a record with the increase in cargo loading volumes in 2021. The dry bulk market includes iron ore, coal, grains, oilseeds, steel, cement, forest products, agricultural products, non-ferrous minerals and metals. Prices driven by the commodity boom, high shipping demand, port congestion and the world economy recover from the pandemic.According…
Despite the negative impacts of the pandemic on the shipping industry, the dry bulk market enjoyed a promising start to 2021. However, the expected quietening down in February might last longer than desired. The dry bulk market enjoyed an unseasonably robust start to 2021. According to Bimco’s chief analyst Peter Sand, the main reason for…