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Wednesday, January 20, 2021

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  • Far East Maritime (2) (X)

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Blues continue for troubled China Cosco

Posted to Far East Maritime (by Greg Knowler) on November 13, 2013

Don’t leave town, police told an executive director at China Cosco Holdings last week. Okay, they probably never said that, but it doesn’t change the fact that Xu Minjie is under investigation in what is widely believed to be part of Beijing’s crackdown on widespread corruption.

Carriers warn Vale's big bulkers will dampen rates

Posted to Far East Maritime (by Greg Knowler) on December 9, 2010

The dry bulk shipping business is going through a tough time. It is an incredible 80 percent down on the market peak in May 2008, and rates have led carrier operators on a wild and volatile ride ever since. The industry is currently oversupplied with bulk carriers…