British Steel is in the hands of receivers (again). This once mighty producer can still be viewed as a canary in the coal mine, indicating when circumstances for everyone else are turning toxic. The perilous situation of the UK’s steel industry is in part about the state of the UK, but to what extent do its fortunes, and indeed the elastic fortunes of the Capesize market this year reflect the condition of the global economy and the steel industry that builds the world?
India’s general election has taken place in seven phases over the last several weeks, making it the biggest exercise in democracy in history. Exit polls suggest that the ruling Bharatiya Janata Party (BJP), led by Prime Minister Narendra Modi, and its coalition partner the National Democratic Alliance (NDA) will win a clear majority when official results are announced on 23rd May. The historical performance of exit polls has been patchy, largely because the size of the elect
I’ve attended several conferences so far this year that address issues around ‘sustainable’ shipping. Before I go any further, it might be a good idea to define sustainability. I suppose it relates to three areas: the design of the ship; propulsion systems and emissions; and waste products from the ship including the ship as a waste product itself. Beyond our own industry groups like BIMCO, Intercargo, Intertanko, etc., there are of course a number of NGOs focused on this iss
Here’s the TrumpTweet in full: For 10 months, China has been paying Tariffs to the USA of 25% on 50 Billion Dollars of High Tech, and 10% on 200 Billion Dollars of other goods. These payments are partially responsible for our great economic results. The 10% will go up to 25% on Friday. 325 Billions Dollars.... ....of additional goods sent to us by China remain untaxed, but will be shortly, at a rate of 25%. The Tariffs paid to the USA have had little impact on product cost, m