US crude oil production takes 1.1m bpd hit due to snowstorm
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Black Sea dry bulk exports up 13% y/y as Russian wheat exports rise
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United Kingdom, Scotland, Lerwick - Harbour
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Crude tanker newbuild contracting jumps 490% as VLCC orders gain pace
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Mark Lakin
Mark is Partner at Stephenson Harwood, Dubai. He is a skilled litigator with extensive experience in shipping, commodities, and trade finance disputes. Having trained in London and practiced there for the first five years of his career, Mark moved to Dubai in 2017 to focus on building the Firm’s shi... Please follow the link to continue reading.
Dry cargo market report dated 17 September 2021
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Dry cargo market report
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Demand
We forecast that container volumes will grow 3-4% in both 2024 and 2025 and thus slightly faster than the global economy. We expect head-haul and regional trades to grow marginally faster than the total. As volumes during the first half of 2023 were relatively weaker than normal, we expect the 2024... Please follow the link to continue reading.
Macro environment
According to the International Monetary Fund’s (IMF) estimates, the global economy should grow 3.1% in 2024 and 3.2% in 2025, slightly higher than the 3.0% estimated for 2023. China is forecast to continue to suffer from its ongoing real estate sector crisis, seeing growth slow from 5.2% in 20... Please follow the link to continue reading.
United Arab Emirates, Fujairah - Repairs - details and contacts
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