China is now responsible for 74.4% of global iron ore imports. As such, any shift in demand is having an enormous impact on the market. In its latest weekly report, shipbroker Banchero Costa said that “2023 was a very positive year for global iron ore …
Dry Bulk Market: China’s Iron Ore Imports Read More »
Prices for second hand bulkers have retreated as a result of a weakness in the dry bulk market. In its latest weekly report, shipbroker Xclusiv said that “as 2024 draws to a close with just two weeks remaining, a review of the dry bulk market reveals a…
Dry Bulk Values Plunge in Line With Shipping Market Read More »
Capesize The Capesize market faced a difficult week, marked by steady declines and a lack of support across both the Pacific and Atlantic basins. The BCI 5TC began on a subdued note at $12,702 but saw consistent downward pressure, plummeting to $10,474…
Dry Bulk Market: Capesize Market Faces Another Difficult Week Read More »
“Over the past three months, dry bulk newbuilding contracting has been 70% below the yearly average. Declining freight rates in recent months, a cloudy outlook and high newbuilding prices contributed to the slowdown, and contracting in 2024 will likely…
Dry bulk contracting falls 70% below average amid low rates Read More »
Capesize The Capesize market faced a challenging week, with the BCI 5TC steadily declining, shedding $3,909 across the week to close at $12,727, reflecting subdued sentiment and oversupply of tonnage in both basins. While the Pacific saw intermittent i…
Dry Bulk Market: Capesize Market Faced a Difficult Week Read More »