- Airline capacity 37% lower than 2019, curbing demand for jet fuel
- India’s coal import decision to reverse 10% YTD drop and add tonne miles
- March retail volumes at 0.0% m/m as EU retail trade stagnates
- Russia-China dirty tanker trade soars 94% y/y after Ukraine invasion
- China’s appetite for bauxite hits new record as Q1 imports jump 15.4% y/y
China’s 49.2 manufacturing PMI indicates falling activity in August
The 49.2 composite reading of the Caixin/Markit China manufacturing Purchasing Managers Index (PMI) in August marks the first contraction in activity since April 2020 when China was recovering from its initial COVID-19 outbreak.
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Posted:
02 September 2021
BIMCO's Shipping number of the week
Latest market analysis
- Russia exports slow as war in Ukraine heads into 5th week
- War in Ukraine will hurt growth in all shipping segments
- US trade balance with China improving on higher exports
- Strong domestic demand sees US oil product imports growing
- Tanker shipping - profitability still a way off for loss-making tankers as pandemic drags on
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