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Capesize: A mild week for the Capesize sector saw rates trundling sideways with small pockets of encouragement.
Christopher specialises in all aspects of marine litigation and arbitration, commercial litigation and international trade disputes. He is renowned throughout South East Asia for his admiralty capability and his practice covers all aspects of shipping disputes to include collisions, salvage, charterparty disputes, bills of lading, cargo claims, tug and tow disputes, stevedore damage claims, personal injuries/fatal accident claims, insurance coverage issues and P&I insurance matters generally. Christopher is recommended as a key member of the Shipping team in the Asia-Pacific 2019 editions of Chambers and Legal 500. In particular, Chambers 2018 mentioned that clients appreciate his "prompt attendance to matters and situations," noting that "his efficiency in providing advice or strategies is effective in shedding light on the next step." Christopher is qualified in England and Wales and Hong Kong.
If you missed the “SHIPTERM” webinar on 27 January don’t worry, the recording of the webinar is now available for viewing.
Capesize: The Capesize market began the week at the summit of the recent rally.
Due to supply concerns at domestic power plants, Indonesian authorities banned coal exports during January 2022, removing around 30% of global coal volumes from the bulk market as a result. This caused Newcastle coal futures to increase by more than a third and added strain on coal inventories across Asia. The ban was lifted in February.
Capesize: The Capesize market was in dire straits this week as tonnage levels were heard to be building while many areas had minimal activity as the 5TC dropped -15,398 to $36,065 week on week. The weekly dry bulk market report contains a summary of the recent movements in the market, alongside the latest figures for average dry bulk earnings and Baltic Dry Indices.
PANAMAX: A relatively unexpected week as the market recovered strongly during the holidays in Asia. The Baltic Exchange daily fixture report features daily updates on the Baltic exchange indexes, timecharters, periods, voyage fixtures and is listed by ship name, size, delivery place and freight rate. The weekly dry bulk market report by the Baltic Exchange contains news impacting the following segments; capesize, panamax, supramax and handysize.
BIMCO, the world’s largest shipping association, has elected Sabrina Chao of Wah Kwong Shipping Holdings Limited as President at the organisation’s online general meeting on Thursday 20 May 2021.
