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Thursday, 17 November 16
CHINA STEEL EXPORTS TO REMAIN HIGH IN 2017, FITCH SAYS
Fitch RatingsFitch Ratings expects Chinese steel exports to remain at around 100 million metric tons (Mt) in 2017, due to flat 'apparent' consumption and slow capacity rationalisation.

Fitch expects Chinese apparent steel consumption to remain between 700 - 705 million Mt, reflecting decelerating property growth, stable infrastructure investment growth, and a favourable outlook for Chinese automobile and appliance consumptions. On the other hand, we expect capacity rationalisation to remain a key theme of the sector, with a target of 14 million-27 million Mt per annum until 2020. As a result, exports should remain high in 2017 as Chinese producers continue to benefit from a cheaper yuan and lower raw-material prices.

Fitch also expects additional state-backed consolidation in the next few years as government executes its plans for supply-side reform, leading to potentially enhanced government linkages between these companies and the state.  


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Thursday, 03 November 16
CAPESIZE: BRAZIL/CHINA RATES MOVED TO THE $11 PMT LEVEL; WEST AUSTRALIA/CHINA ROUTE MOVED UP CLOSE TO MID $5 PMT LEVEL - FEARNLEYS
Supramax In the Atlantic we see a bit more activity than in the eastern hemisphere, says Fearnleys in its latest weekly report. Fhauls via Black ...


Wednesday, 02 November 16
SHIPPING MARKET INSIGHT
A week before the U.S. presidential election, everyone is eager to see the socio-political effects that the result of these elections will have. As ...


Wednesday, 02 November 16
SHIP OPERATING COSTS ARE EXPECTED TO RISE IN BOTH 2016 AND 2017 - MOORE STEPHENS
Vessel operating costs are expected to rise in both 2016 and 2017. Repairs and maintenance and spares are the cost categories which are likely to i ...


Tuesday, 01 November 16
PANAMAX : A FAIR AMOUNT OF SIDEWAYS SHIPPING IN RATES - ALLIED SHIPPING
Capesize A very sluggish start to the week, with rates dropping considerably as all optimism seems to have evaporated over the weekend. According ...


Tuesday, 01 November 16
IMPROVEMENT ON THE DEMAND SIDE ONLY BUT THE SUPPLY SIDE IS WORSE OFF - BIMCO
Back in May, BIMCO disclosed a projected “road to recovery” for the dry bulk shipping industry. The main message back then on what the ...


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