The dry bulk market has been on a growth “spree”, as a number of disruptions in key waterways have had an impact on tonnage availability. In its latest weekly report, shipbroker Xclusiv said that “the midsize dry bulk segments have reached 4-month high…
Dry Bulk Market: “Rising Tides” as Water Levels Drop in Various Hubs Read More »
Newbuild contracting activity during the past five years has been low at about 5.46 million DWT per year. In addition, the product tanker order book hit a low of 9.67 million DWT in December 2022, the smallest order book since June 2001. Due to the low…
Year-to-date product tanker newbuild contracting hits 10-year high Read More »
The unwinding of supply chain inefficiencies and rising vessel orders are set to dampen positive deadweight demand in the dry bulk market according to Maritime Strategies International. COVID-related supply chain inefficiencies and associated port cong…
Dry bulk trade volumes positive but prospects hold downside risks says MSI Read More »
Newbuilding ordering activity was on the downside this past week. In its latest weekly report, shipbroker Allied Shipbroking said that “the quietest week so far in September for new order contracting, with just 16 firm orders rumored this week – just o…
Newbuilding Activity Settles Down Read More »
In the third week of September, freight rates in the various ship categories increased significantly, indicating a robust upward trend. At the same time, there is a noticeable optimism in Chinese economic activity, supported by a number of strategic st…