Donald Trump to become the next President of the United States
Against all media projections, Donald Trump managed to beat Hillary Clinton in the race to succeed Barack Obama as President of the United States. This could create challenges for container carriers, as the business mogul has long been advocating a more protectionist stance for the US.
Tanker carriers struggling with low rates
The tanker rates dropped big-time in the third quarter, and the development is reflected in the results from carriers transporting crude oil and oil products. Several carriers, however, project that the fourth quarter will bring stronger earnings.
Norden and Celsius Shipping target dry bulk vessels
While the tanker market took a dive, both Norden and Celsius Shipping are betting big-time that the dire dry bulk market has reached rock-bottom. As such, Norden is looking to grow its chartered fleet in the segment, while Celsius Shipping has gone shopping.