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COP 27: Night Boat to Cairo
Annus Horribilis What a horrible year 2022 is turning out to be. 30 year peaks in Inflation. Rising interest rates. Recession. War in...

Mark Williams
Nov 6, 20226 min read


The Results Are In - our 2nd annual container shipping decarbonisation survey
How have attitudes to decarbonisation changed in the last year? Read on to find out. We ran this ten-question survey for six weeks from...

Mark Williams
Oct 18, 20228 min read
2nd Annual Bulk Carrier Alternative Fuels Survey
Last year we launched our first Bulk Carrier Alternative Fuels Survey in association with our friends at Ship.Energy, and the results are...

Mark Williams
Oct 17, 20226 min read


Will rising interest rates slow investment in newbuildings?
The US Federal Reserve increased interest rates by 0.75% last week, as has the European Central Bank, while the Bank of England followed...

Mark Williams
Sep 27, 20228 min read


Cement Shipping Trends Tell a Macro Story
The slow implosion of the Chinese property market is impacting global cement shipping markets, but not so much as you might think. In...

Mark Williams
Sep 23, 20224 min read
Decoupling, Deglobalisation and Democracy
Excluded China Rages On Tuesday 27 July, the Indo Pacific Economic Framework for Prosperity (IPEF) met via a video conference co-hosted...

Mark Williams
Aug 2, 20229 min read
IPEF Makes Excluded China Angry
On Tuesday 27 July, the Indo Pacific Economic Framework for Prosperity (IPEF) meets via video conference, co-hosted by US Trade...

Mark Williams
Jul 26, 20222 min read
Bulk Carriers: Recession Resistant
Macro-economic signals may be downbeat but bulker fundamentals remain encouraging Here's the Executive Summary to our latest Bulk Carrier...

Mark Williams
Jul 20, 20223 min read


Decarbonising C5
A Capesize Green Corridor between Australia and China is Feasible, with Carbon Tax Breaks C5 is the Baltic Exchange’s code for the voyage...

Mark Williams
Jul 4, 20226 min read
Bedtime / Poolside Reading for Posidonia Week
Whether you are in Athens or not, here's some Need to Know reading. There are two common assumptions in shipping. One is that shipping is...

Mark Williams
Jun 7, 20222 min read
Five Tiers of Transition for Shipping
Davos is here again. The barons of globalisation are sequestered in the luxury resort but the mood sounds distinctly anxious. José Manuel...

Mark Williams
May 25, 20223 min read
Russia Adds to Xi's Headaches: Shipping Should Take Note
Pesident Xi does not want Russia's actions to restrict China's ability to act, nor President Putin's destiny to shape his own. Trying to...

Mark Williams
Mar 28, 20228 min read
Decoupling: A Massive Strategic Headache
Decoupling joins Decarbonisation and Digitalisation on the Strategy Agenda Russia’s unwinnable war in Ukraine grinds on, giving us...

Mark Williams
Mar 21, 20225 min read
It is time for the UN to up its game
Russia's invasion of Ukraine is sending global energy and agricultural markets into a spin. Oil prices are up at USD 120 a barrel....

Mark Williams
Mar 3, 20223 min read
Ukrainian Implications
Could Russia’s military adventurism accelerate disinvestment from fossil fuels and investment in renewables? As I write this, it’s day...

Mark Williams
Feb 25, 20226 min read
This may be the end of the bulk carrier lockdown party, but not of the cycle
Macro-Economic Uncertainty We may not be home and dry when it comes to getting out of this pandemic, but we could be home and vigorously...

Mark Williams
Jan 31, 20223 min read
Downgrades and Ukraine
China’s breakneck pace of development has to end eventually – we have all understood that for some time. But even if it does, will trade...

Mark Williams
Jan 24, 20223 min read
Is China Heading the Same Way as Japan?
Positive news this month includes the peak of Omicron being passed, and the one billionth vaccine being given on 16th January according...

Mark Williams
Jan 17, 20223 min read
Oil and Tanker Markets Blown off Course by Virus
It has been the worst year in the tanker freight markets since the recession of the early 1990s. But as transport restrictions eased...

Mark Williams
Dec 6, 20215 min read


Macro Macchiato: Don't Panic!
It has been a hard few weeks for Capesize operators. The Baltic Exchange’s Capesize 5TC index surged in September from USD 46,987 to USD...

Mark Williams
Oct 25, 20215 min read
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