Risks to shipping markets were in focus as analysts from Maritime Strategies International (MSI) shared their opinions and outlook on the dry bulk, container, oil and newbuilding sectors.
U-Ming Marine has entered into a shipbuilding contract with SUMEC Marine’s New Dayang Shipbuilding for the construction of two bulk carriers.
Security and insurance remain major concerns for any recovery of grain shipments from Ukraine ports despite the UN backed safe passage deal agreed on Friday.
News reports over recent hours indicate that up to 22 million tonnes of stranded grain could start to be released today if a deal to lift Russia’s blockade of Ukraine’s Black Sea ports is signed in Istanbul.