Even though the steel making process tries to move away from the blast furnace-based route (that depends on iron ore) to the route based on electric arc furnaces that rely heavily on ferrous scrap, the unavailability of ample recycled metal will furthe…
Capesize This week finished on a positive note with the Capesize 5TC increasing by $942, finishing the week at $27,388. The rate for C8 transatlantic round voyage, significantly increased by over $3,000 on Wednesday, reaching $29,464, driven by a swap …
Dry Bulk Market: Capesizes End Week on a High Note Read More »
Delayed shipping capacity more than doubled over the six months to May, nearing the level of the pandemic-induced shipping supply chain stress, according to data from the World Bank. The World Bank’s Global Supply Chain Stress Index, a measure of delay…
Trade charts a bumpy course Read More »
With discussions regarding the IMO’s (International Maritime Organization) Carbon Intensity Indicator (CII) due to recommence at their Marine Environment Protection Committee (MEPC) 82 meeting in September, INTERCARGO, the association of dry bulk shipp…
This week’s data underscores a noticeable decline in the growth of tonne days across both the dirty and clean tanker segments. Particularly noteworthy is the VLCC tonne days’ growth rate for July, which is currently maintaining a weaker wee…
Dirty & Clean Tonne Days Read More »