OceanX radar: Doom & gloom at the IMF; China's new plan; Bought in the US of A
Here comes the rain again
It is not often we cover the dry bulk shipping industry on The Loadstar, but what is going on in the iron ore trades, and the steel manufacturing industries they support, should concern anyone with the remotest interest in international trade. The Chinese buy iron ore to make steel; they then use that steel to build ships which are then sold to shipowners, who buy them to make money out of transporting more iron ore to Chinese steel mills, feeding an ever-decreasing circle of over-investment and mounting financial losses. Steel prices are collapsing; there is no need for more ships – but there’s no rationale for scrapping vessels because scrap has no value anymore… riddle us that, puzzle-solvers.
Expeditors sues long-term client for unpaid $20m in row over invoices
More bad news for carriers hoping rates decline has bottomed-out
Rivals set out to woo UPS customers as fears of a strike grow
Drop 'DB' and 'DP'. Call it 'DHL Schenker'. Sounds cool, huh?
Rate erosion may be easing, but rock-bottom prices are 'not good for anybody'
2M axes Asia-North Europe loop, as carriers shop for more tonnage
Taiwan carriers pay record staff bonuses after year of bumper profits
Airfreight rate relief for shippers, or are things going to 'turn nasty'?
Shippers put more pressure on ocean carriers for carbon-free services
Atlas Air merger with Apollo group finally set to close on Friday
Dachser's M&A in air and ocean freight – how serious is that?
Asia services expanding as logistics players opt for a 'China+1' strategy
Comment on this article