Chinese New Year is upon us as we bid goodbye to the Year of the Dragon and usher in the Year of the Snake.

The Year of the Dragon was true to form in that it was fraught with change, which reverberated around the world of shipping.

Seasonal downturn gets real as capesize spot rates drop below $9,000 per day
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We had a rotation of world leaders, most notably Donald Trump returning to the White House for his second term as the 47th US president.