Strong demand for iron ore during 2021 has contributed significantly to the rise of the dry bulk market freight rates. In its latest weekly report, shipbroker Banchero Costa said that “2021 so far has proved very robust in terms of iron ore trade. Tota…
Strong Iron Ore Seaborne Trade Propelling Dry Bulk Market Rates Forward Read More »
We expect dry bulk market demand and supply balance will be stable in the coming years. However, our data-driven forecasting models predict freight rates will face correction and decline by 30% in the coming quarters as vaccines become more widely avai…
Dry bulk Market: Vaccine, a double-edged sword Read More »
When it comes to commodities, risk is always as big as the planet.” That statement from insurance broker and risk advisor Marsh in its recent Risk Outlook speaks to the many and varied risks that global commodities face today, risks that shipping inher…
Commodity risk “as big as the planet” Read More »
The Baltic Exchange has placed spot rates for capesize bulkers sailing to China and Japan from Europe in the vicinity of $80,000 per day
High rates on idle capesize bulker route ‘significant’ Read More »
Downed power lines blocking a segment of the Mississippi River since Hurricane Ida made landfdall on Sunday are expected to be removed on Friday afternoon by Entergy Corp, allowing for vessel traffic in the area, the New Orleans Board of Trade…
Power Lines Blocking Mississippi River to be Removed Friday Read More »