IFCHOR GALBRAITHS

𝗜𝗚 𝗖𝗵𝗮𝗿𝘁 𝗼𝗳 𝘁𝗵𝗲 𝗪𝗲𝗲𝗸: New US policy on China-built vessels: unintended hit on US agri exporters? The US is weighing a policy to slap hefty fees on port calls by Chinese operators, operators with Chinese-built vessels, and those with pending orders for Chinese vessels. But here’s the problem: in 2024 43% of port calls for US agri exports were made by vessels built in China. If the proposals actually go through, we could see: • Higher freight rates as Japan & Korea built vessels demand premiums to load USG/Nopac cargoes. • China-built Panamaxes ships shift to ECSA/Asia route, increasing vessel supply there and pushing P6 rates down. • South American agri export costs to China drop while US export costs rise. The goal? Weaken China. The potential outcome? A competitive edge for China and a blow to US exporters. What will the impact be on your trades? Call us to discuss. #IfchorGalbraiths #ChinaTrade #DryBulk #MaritimeIndustry #Panamax

The IG Shipping Course brings together professionals at different stages of their careers, creating an environment where learning extends beyond the classroom. The course is designed for: • 𝗡𝗲𝘄 𝗲𝗻𝘁𝗿𝗮𝗻𝘁𝘀 𝘁𝗼 𝘀𝗵𝗶𝗽𝗽𝗶𝗻𝗴 looking to build a strong foundation. • 𝗣𝗿𝗼𝗳𝗲𝘀𝘀𝗶𝗼𝗻𝗮𝗹𝘀 𝘁𝗿𝗮𝗻𝘀𝗶𝘁𝗶𝗼𝗻𝗶𝗻𝗴 𝗶𝗻𝘁𝗼 𝘀𝗵𝗶𝗽𝗽𝗶𝗻𝗴 from finance, law, energy, or other industries. • 𝗘𝘅𝗽𝗲𝗿𝗶𝗲𝗻𝗰𝗲𝗱 𝘀𝗵𝗶𝗽𝗽𝗶𝗻𝗴 𝗽𝗿𝗼𝗳𝗲𝘀𝘀𝗶𝗼𝗻𝗮𝗹𝘀 seeking a deeper understanding of market dynamics. By combining 𝘁𝗵𝗲𝗼𝗿𝘆, 𝗰𝗮𝘀𝗲 𝘀𝘁𝘂𝗱𝗶𝗲𝘀, 𝗮𝗻𝗱 𝗵𝗮𝗻𝗱𝘀-𝗼𝗻 𝗲𝘅𝗲𝗿𝗰𝗶𝘀𝗲𝘀, the course ensures that each participant gains insights tailored to their level of expertise. Applications are open: https://lnkd.in/ep9ngbHg. #IfchorGalbraiths #Maritime #MaritimeEducation #ShippingCareers #ShippingIndustry #Tanker

𝗔 𝗰𝗼𝗹𝗹𝗮𝗯𝗼𝗿𝗮𝘁𝗶𝗼𝗻 𝘀𝗵𝗮𝗽𝗲𝗱 𝗯𝘆 𝗶𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝗲𝘅𝗽𝗲𝗿𝘁𝗶𝘀𝗲. The announcement of Ocean Recap marks a unique partnership between five major shipbroking firms - Arrow, E.A. Gibson Shipbrokers Ltd, Howe Robinson Partners, IFCHOR GALBRAITHS, and SSY - together with maritime technology specialist Signal. What makes this initiative stand out is the way long-time competitors have come together to create an independent solution for Recap & Charter Party management, addressing concerns around data security and competition. TradeWinds explores the story behind this collaboration, from the initial discussions to the shared vision that brought these firms together. The article looks at what motivated the partners, the challenges they set out to solve, and how Ocean Recap introduces an alternative in a changing market. Read more: https://lnkd.in/dFEBmJda. #IfchorGalbraiths #CharterParty #DataSecurity #Innovation #Maritime #MaritimeTech #OceanRecap #Recap #Shipbroking #SoftwareSolutions 

Today, we introduce the future of #Recap & #CharterParty management: Ocean Recap. This pioneering platform, created in collaboration with five of the world’s leading #shipbroking firms - Arrow, E.A. Gibson Shipbrokers Ltd, Howe Robinson Partners, IFCHOR GALBRAITHS, and SSY - alongside maritime technology experts Signal, is setting a new standard in the Recap & Charter Party space with an intuitive, secure and collaborative approach. With #DataSecurity at its core, Ocean Recap has already processed over 1,000 Charter Parties across #Tanker and #Dry markets, proving its value in the #MaritimeTech space. Ocean Recap is now open for #EarlyAdopter registrations, inviting #brokers, #charterers, and #owners to help shape the future of this game-changing #SoftwareSolution. Are you ready to get #onboard? #OceanRecap #Innovation #Maritime

𝗜𝗚 𝗖𝗵𝗮𝗿𝘁 𝗼𝗳 𝘁𝗵𝗲 𝗪𝗲𝗲𝗸: Despite a Category 5 punch and a 3-day halt at key ports in West Australia, Cyclone Zelia left iron ore operations largely intact with BHP and FMG already back in action. Nevertheless, weekly iron ore exports from Australia have dropped -36% WoW to a 5-year low of 8.4Mt and port congestion in the area showed 105 Capesize vessels waiting yesterday (+220% MoM). This backlog could squeeze spot ship availability for balance of 1Q’25 and shift to iron ore demand to Brazil and other origins in the Atlantic. For further insights and market impacts, contact: research@IfchorGalbraiths.com. #IfchorGalbraiths #DryBulk #IronOre #Maritime #PortCongestion #Shipping

The IG Shipping Course returns in 2025, offering structured, practical learning for newcomers, career movers, and shipping professionals seeking deeper expertise. Held at Ashridge House from 𝟮𝟬𝘁𝗵 𝗝𝘂𝗹𝘆 𝘁𝗼 𝟭𝘀𝘁 𝗔𝘂𝗴𝘂𝘀𝘁 𝟮𝟬𝟮𝟱, the course is designed to provide a comprehensive overview, with every topic delivered by experts in their respective fields. Participants will: • Develop a 𝗯𝗿𝗼𝗮𝗱 𝘂𝗻𝗱𝗲𝗿𝘀𝘁𝗮𝗻𝗱𝗶𝗻𝗴 𝗼𝗳 𝘀𝗵𝗶𝗽𝗽𝗶𝗻𝗴 𝗳𝘂𝗻𝗱𝗮𝗺𝗲𝗻𝘁𝗮𝗹𝘀 • Gain 𝗽𝗿𝗮𝗰𝘁𝗶𝗰𝗮𝗹 𝗸𝗻𝗼𝘄𝗹𝗲𝗱𝗴𝗲 through hands-on workshops • Discuss the 𝗹𝗮𝘁𝗲𝘀𝘁 𝗱𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁𝘀 𝗶𝗻 𝘀𝗵𝗶𝗽𝗽𝗶𝗻𝗴 with market-leading lecturers • Build a valuable 𝗻𝗲𝘁𝘄𝗼𝗿𝗸 𝗼𝗳 𝗶𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝗽𝗿𝗼𝗳𝗲𝘀𝘀𝗶𝗼𝗻𝗮𝗹𝘀 𝗮𝗻𝗱 𝗹𝗲𝗮𝗱𝗲𝗿𝘀 This intensive two-week course provides insights and expertise that would typically take years to acquire. #IfchorGalbraiths #Chartering #MaritimeEducation #MaritimeTraining #ShippingCareers #ShippingIndustry 

𝗜𝗚 𝗖𝗵𝗮𝗿𝘁 𝗼𝗳 𝘁𝗵𝗲 𝗪𝗲𝗲𝗸: Despite adverse weather in recent weeks and still facing severe storms this week, cumulated exports of US corn in the first 7 weeks of 2025 have progressed +60% year-to-date to 8.6Mt. Despite a strong start of exports in 2025, USDA kept its ending stocks in the USA for ‘24/’25 unchanged at 39.1Mt in its February WASDE release. For further insights and market impacts, contact: research@IfchorGalbraiths.com. #IfchorGalbraiths #Commodities #Corn #DryBulk #GrainTrade #MaritimeIndustry #WASDE

𝗜𝗚 𝗖𝗵𝗮𝗿𝘁 𝗼𝗳 𝘁𝗵𝗲 𝗪𝗲𝗲𝗸: China retaliated against US tariffs with a 15% duty on US coal and LNG and 10% on crude oil. More notably, it launched an anti-trust probe into Google and imposed export controls on tungsten and rare earths. The dry bulk market faces a limited impact as the ~11Mt of US coal exported to China in 2024 could be redirected to India, while China would turn to Australia or Russia. Accounting for distances, global dry-bulk ton-miles should not decline by more than 1%. Agricultural products remain untouched and suggest that negotiations are just beginning! For further insights and market impacts, contact: research@IfchorGalbraiths.com. #IfchorGalbraiths #DryBulk #Commodities #ShippingIndustry #TradeTensions #USTariffs

𝗜𝗚 𝗖𝗵𝗮𝗿𝘁 𝗼𝗳 𝘁𝗵𝗲 𝗪𝗲𝗲𝗸: Still significantly impacted by the recent passage of Cyclone Sean (17-19 January), weekly iron ore exports from Australia have partly recovered +1.3Mt WoW to 14.5Mt/week last week. However, they have remained under the 17-20Mt/week range seen before the disruption. At 105$/t, iron ore prices remain in a wait-and-see mode, while the vessel queue has grown to 87 ships, +25 more compared to the week before the cyclone. For further insights and market impacts, contact: research@IfchorGalbraiths.com. #IfchorGalbraiths #DryBulk #CommodityPrices #IronOre #ShippingIndustry #SteelIndustry

Happy Chinese New Year 2025! As the Year of the Snake unfolds, IFCHOR GALBRAITHS sends warm wishes to all our colleagues, followers, clients, and partners who celebrate this occasion. Symbolising wisdom and adaptability in the Chinese calendar, the snake reflects the foundation of strong partnerships and the shared success that defines our journey. 𝗪𝗶𝘀𝗵𝗶𝗻𝗴 𝘆𝗼𝘂 𝗮 𝘀𝘂𝗰𝗰𝗲𝘀𝘀𝗳𝘂𝗹 𝗮𝗻𝗱 𝗿𝗲𝘄𝗮𝗿𝗱𝗶𝗻𝗴 𝘆𝗲𝗮𝗿 𝗮𝗵𝗲𝗮𝗱. #IfchorGalbraiths #Commodities #DryBulk #Maritime #ShippingIndustry #SustainableShipping #Tanker