Top ocean shipping stories of 2023: War, drought and detours
Ocean shipping kept the world’s cargo flowing amid two wars and disruptions at both the Panama and Suez canals.
Ocean shipping kept the world’s cargo flowing amid two wars and disruptions at both the Panama and Suez canals.
Commodity shipping has a well-deserved reputation for extreme volatility. The rise and expected fall in dry bulk is a case in point.
Panama Canal restrictions force more ships to transit the Bab el-Mandeb Strait off Yemen, where they face a hijacking risk.
Average CEO compensation rose as ocean shipping company earnings increased, fueled in many cases by share-based compensation.
Panama’s drought poses a serious challenge to the country’s canal operations, but fallout to global trade remains limited.
The global coal trade is thriving, with dry bulk ships busy carrying the loads. As the West consumes less coal, Asia buys even more.
Investors in Danaos thought they were buying a container shipping stock. Now they’re invested in dry bulk, too.
Spreads between high- and low-sulfur fuels are down to pandemic levels and LNG has become much more economical.
The agreement should keep tanker and bulker orders in check, while increasing the risk of a future carbon tax on container shippers.
Declining demand for Chinese exports and reduced stimulus options threaten bulk commodity import prospects.
Five years after bringing dry bulk freight futures to the masses, Breakwave makes a splash in tanker investing.
Is the sharp decline in shipping stocks a canary in the coal mine or an opportunity for investors to buy the dip?
The war has stoked fears of global shortfalls of wheat, corn and fertilizers, but the flexibility of shipping trades has limited the risk.
Worsening China-U.S. relations underscore how pivotal geopolitics has become to global shipping and trade.
After a year of sanctions and “self sanctions,” shipping cargoes caught in the crossfire continue to find their way to buyers.
The Baltic Dry Index has fallen 91% since October 2021 to one of its lowest levels ever, yet shipowners remain confident.
Are falling commodity shipping spot rates the result of normal seasonality or a symptom of global economic malaise?
Just as the pandemic wound down, another market-altering event for shipping — the Ukraine-Russia war — ramped up.
Backers of a shipping regulation that begins Jan. 1 believe it will reduce carbon emissions. Critics warn it could backfire and increase them.
Faster easing of China’s COVID restrictions could provide eventual support for container and dry bulk markets and a more immediate boost for tankers.