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Steel demand bouncing back

Global steel demand is expected to grow by 5.8% this year, and by a further 2.7% next year, more than offsetting the 0.2% decline in demand in 2020. In real terms this means an extra 102 million tonnes will be needed this year, with a further 50.6 million tonnes anticipated in 2022, according to the …

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Drewry: World Container Index Up 9.8% on Week and a Staggering 287.4% Higher Year-on-Year

Drewry’s composite World Container index increased 9.8% or $489 to $5,472.33 per 40ft container. Two-year spot freight rate trend for the World Container Index: The composite index increased 9.8% or $489 this week, and also, remains 278.4% higher than a year ago. The average composite index of the WCI, assessed by Drewry for year-to-date, is …

Drewry: World Container Index Up 9.8% on Week and a Staggering 287.4% Higher Year-on-Year Read More »

Aspo Group Interim Report, January 1 to March 31, 2021: Record-high operating profit, relative profitability improved significantly

Figures from the corresponding period in 2020 are presented in brackets. • Aspo’s net sales reached the comparative period’s level, being EUR 132.3 (133.2) million. • Operating profit increased considerably to EUR 7.9 (4.0) million, driven by the improved results of ESL Shipping and Telko. • Profit for the period increased and was EUR 6.4 …

Aspo Group Interim Report, January 1 to March 31, 2021: Record-high operating profit, relative profitability improved significantly Read More »

Eagle Bulk Shipping Inc. Reports First Quarter Net Income of $9.8 Million

Eagle Bulk Shipping Inc., one of the world’s largest owner-operators within the Supramax / Ultramax drybulk segment, today reported financial results for the three months ended March 31, 2021. Highlights for the Quarter: Revenues, net of $96.6 million o TCE Revenue (1) for the quarter equated to $60.3 million o Achieved TCE (1) of $15,124/day …

Eagle Bulk Shipping Inc. Reports First Quarter Net Income of $9.8 Million Read More »

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