The dry bulk market has grown over the past weeks, as a combination of factors have offered support to the freight rate market. In its latest weekly report, shipbroker Xclusiv said that “the dry market definitely strikes back with BDI at 1,944 points, …
Dry Bulk Market on the Rise Read More »
In the second week of October, the VLCC MEG-China route is trending upward. However, the sustainability of this positive trend remains uncertain due to mounting concerns stemming from geopolitical tensions that are casting a shadow over the energy sect…
Downward revision of the number of MR ships, but still longer waiting times in the south Read More »
The Israel-Palestine conflict, marked by recent violence between Israel and Hamas, has sent ripples through the shipping and maritime industry, leading international companies to issue cautionary advisories and adapt their operations in the region. “In…
Dry bulkers have been the “weapon of choice” for ship owners, when it comes to newbuilding orders. In its latest weekly report, shipbroker Allied said that it was “a busier week than the last for reported contracting activity and yet another where addi…
Ship Owners are Stockpiling Bulker Newbuildings Read More »
The second week of October brought both promising and concerning developments in the shipping industry. In the Capesize Brazil to North China route, freight rates continued to exhibit strength, reaffirming their resilience in the face of various market…