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Earlier hopes of a rally in the dry bulk market during the Q4 of 2018, in similar note to the past couple of years, have been quashed by the harsh reality of the latest trends in the global trade.
Earlier this month, the US re-imposed sanctions on Iran, banning global exports threatening heavy penalties on any country that continues to trade with the middle-eastern nation.
Reuters reported that tankers storing liquefied natural gas (LNG) in Asian waters have more than doubled in number since late October as traders have been caught off guard by warmer-than-expected temperatures that have...
AP Molle –Maersk, CMA CGM, Hapag-Lloyd, MSC and Ocean Network Express plan to establish container shipping association with the purpose of paving the way for digitalization, standardization and interoperability in the...
The major deepsea alliances could begin to extend the scope of their joint service network to secondary north-south trades, such as those serving Latin America, as they look to squeeze more efficiency from their...
Freight income for the quarter was MUSD 8.6, up from MUSD 6.4 in Q2 2018 due to improving market fundamentals, offset by 21 offhire days in connection with the 5-year survey and dry-docking of WilForce.
The container shipping industry is dynamic and volatile and has been marked in recent years by instability, as a result of continued deterioration of market environment.
Daewoo Shipbuilding & Marine Engineering Co., the world’s second-largest shipbuilder by orders, said that it swung to a net loss in the third quarter from a year earlier due to one-off losses.
Executive Director Jacob Meldgaard and continues, “The product tanker market reached historically low levels in the third quarter impacted by a decrease in demand growth and shorter sailing distances.
Freight traffic at the Port of Singapore in January-October 2018, increased by 0.7% compared to the corresponding period of 2017 to 523.73 million tonnes, the Maritime and Port Authority of Singapore provisional figures...
| USD | Value | DoD | WoW | MoM | QoQ | YoY |
|---|---|---|---|---|---|---|
| USD | 1.000 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 |
| AUD | 1.364 | -0.012 | -0.009 | 0.010 | 0.000 | 0.058 |
| BRL | 3.743 | -0.041 | -0.017 | 0.015 | -0.058 | 0.465 |
| CAD | 1.315 | -0.001 | 0.004 | 0.007 | 0.006 | 0.046 |
| CNY | 6.938 | -0.004 | 0.018 | 0.146 | 0.082 | 0.296 |
| EUR | 0.876 | -0.007 | 0.003 | 0.018 | 0.003 | 0.017 |
| GBP | 0.779 | -0.001 | 0.018 | 0.017 | -0.002 | 0.017 |
| INR | 71.822 | -0.114 | -0.606 | 3.151 | 2.870 | 6.499 |
| JPY | 112.639 | -0.763 | -0.674 | 1.463 | 1.666 | -1.041 |
| RUB | 65.974 | 0.101 | -0.172 | 3.070 | -0.881 | 6.702 |
| ZAR | 13.992 | -0.218 | 0.062 | 0.748 | 0.231 | -0.407 |
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