Will the Panamax Trend Continue?

Unpredictable and volatile is the life of a shipowner.  Five weeks ago the Panamax index was at USD 4,054, the US and China were trading insults over the origin of the COVID-19 pandemic leaving the phase 1 trade deal to exist on paper only.   The index is now 138% higher at USD 9,661, China …

ShipShape: The Long and Winding Road

It is one of the best-known Beatles songs from their final studio album Let It Be, but it also encapsulates perfectly the challenge many commodity markets face as they begin to recover from the enormous disruption of Coronavirus.   The pandemic has impacted every metric you can think of: quantitative easing, government debt, unemployment, share …