● RADIOAdvertise with us
DOWNUNDERVOICESAustralia · New Zealand · World
Back to World
World

16 September 2026

Hot capesize market masks cracks in Chinese steel demand

Downunder Voices Newsroom

Source reporting: Splash247

FacebookEmail
Hot capesize market masks cracks in Chinese steel demand

The capesize market is enjoying one of its strongest runs in years, but a growing number of shipping analysts are starting to question the health of the commodity complex underpinning it. The concern centres on China and its steel industry. Capesize earnings remain close to $50,000 a day, with iron ore volumes – dry bulk’s …

About this report

Downunder Voices provides an independently written summary and community perspective based on information published by the original source. The original publisher remains responsible for its reporting.

Join our community

Follow Downunder Voices

Join thousands of readers following news and community stories from Australia, New Zealand and the Pacific.

Follow on FacebookSubmit your story

More from World

View category

Read Next

View latest
Your freight forwarder isn’t worth what you thinkTrade & Logistics

16 September 2026

Your freight forwarder isn’t worth what you think

After writing about Europe’s succession problem in forwarding, and then about who might end up buying all these companies, the conversation inevitably arrives at the subject owners find rather more personal. Price. There are plenty of logistics entrepreneurs in their sixties who have spent most of their working lives building good businesses and quite reasonably expect to be paid well for them. Unfortunately, 35 years of hard work doesn’t appear as an asset ... The post Your freight forwarder isn’t worth what you think appeared first on The Loadstar .

Source: The LoadstarOriginal source
CMA CGM triggers general average on fire-hit boxshipTrade & Logistics

16 September 2026

CMA CGM triggers general average on fire-hit boxship

General average has been declared on the fire-hit containership CMA CGM Petra, with cargo interests now required to provide security before their containers can be released. CMA CGM informed customers this week that the shipowner had invoked general average following the cargo hold fire and appointed Albatross Adjusters to handle the process. The declaration follows …

Source: Splash247Original source
Dynagas linked to $1bn Samsung LNG quartetBusiness

16 September 2026

Dynagas linked to $1bn Samsung LNG quartet

George Procopiou’s Dynagas has been linked to a four-ship LNG carrier order at Samsung Heavy Industries worth around KRW1. 41trn ($1. 05bn), extending a rapid newbuilding push across the Greek shipowner’s wider group. Samsung Heavy disclosed the contract with an unidentified Oceania-based owner on Monday, covering four 200,000 cu m LNG carriers for delivery by September 2029. …

Source: Splash247Original source
Morning news briefBusiness

16 September 2026

Morning news brief

The Fed is expected to raise interest rates Wednesday, new reports detail the damage and $30 billion price tag of the Iran war, Kennedy Center board votes to close after judge's ruling.

Source: NPR NewsOriginal source