High iron ore inventories at Chinese ports and looming uncertainty in the global economy are threatening the demand for Capesizes. We believe demand for Capesizes in 2019 will be proportional to iron ore inventories at Chinese ports. Even though China’…
Port inventories’ nightmare to haunt Capes? Read More »
The first quarter of the year is often a seasonally weak period for the shipping markets, and 2019 so far has proved no exception. Although the ClarkSea Index has risen by 13% y-o-y so far this year, it still fell by over 30% from multi-year highs in l…
A Tricky Start? Putting The Seasonal Slide In Context Read More »
Capesize Vale’s ongoing absence from the Brazil spot market continued to have a negative impact on sentiment, with rates falling in all areas. There were operators still shipping from Brazil, with the rate from Tubarao to China hovering around the mid …
Dry Bulk Market: Capesizes Still Under Pressure, While Smaller Classes Improve Read More »
International shipping accounts for around 3% of global CO2 emissions. The amount of cargo carried by sea has grown and is expected to reach 12 billion tonnes by 2020. Growth in global trade also means growth in fuel consumption and, therefore, higher …
Slow steaming to arrive at the right time Read More »
The market will likely witness a decline in economic growth, particularly in the advanced economies, leading up to 2022: that was one of the takeaways from a BIMCO webinar last week featuring the association’s chief shipping analyst, Peter Sand. The pr…