Chinese state-owned shipping giant COSCO has further expanded its dry bulk newbuilding initiative with up to eight newcastlemax vessels at its group yard, COSCO Shipping Heavy Industry Yangzhou.
“Through government support and public investments to its national shipbuilding ecosystem, China emerged as a market leader, commanding currently nearly 65% of global shipbuilding orders, an ...
The Baltic Dirty Tanker Index averaged 1,395 points in 2022, then 1,150 points in 2023 and by December 4, 2024, it had averaged 1,105 point for the year to date. Where was the much vaunted ...