China’s struggling Country Garden may hurt iron ore demand, market expert says
Major Chinese property developer is $200bn in debt and faces $7.6bn loss for last six months of this year
Bulkers
Singapore bulker player Uni-Asia sees first-half profit slide 74%
SGX-listed company has also named a new chief executive who is set to take over next year
‘Big Short’ investor going long again on shipping stocks
Michael Burry’s Scion Capital has returned to bets on public shipowners after taking a pause
Panamax bulker market hits three-month high as Panama Canal delays tighten tonnage
Average panamax rates have risen by more than $4,000 per day in last three weeks
Kyiv’s plan to use abandoned ships to move grain in trouble
Only a handful of ships are available that could ship grain in any significant quantity out of the country
Parbulk’s 14-year fight against Humpuss Intermoda for $27m arbitration award lands in Indonesian court
Long-running legal battle moves to Indonesia after playing out in courtrooms in Singapore, New York and London
HMM stacks orderbook with multipurpose/heavylift newbuildings
Company orders four scrubber-fitted 38,000-dwt newbuildings at Huangpu Wenchong
Lila Global recycles capesize bulker at Alang as prices again dip below $500 per ldt
Lila Global capesize is one of three bulkers sold for recycling as recent scrap price rally goes into reversal
Russia fires warning shots at general cargo vessel in Black Sea
Ukraine said the incident was a ‘clear violation of international law of the sea’ and ‘an act of piracy’
Larger bulkers snare multimonth fixtures at above-market rates
Diana Shipping expects to make $6.38m off a capesize bulker period charter that will last for at least 15 months