Ship owners appear to have returned to the newbuilding market, with many deals being reported last week. In its latest weekly report, shipbroker Allied Shipbroking said that “the newbuilding market managed to make a noticeable rebound this week with se…
Newbuilding Orders Pick Up Read More »
The Baltic Exchange Dry Index (BDI) increased from 1,374 to 5,650 between early January and early October 2021, only to fall back to 1,302 by late January 2022. Since then, the market has enjoyed increased support as Brazilian exports recovered from he…
Slow Supply Growth To Support Dry Bulk Market As Risks To Demand Mount Read More »
As of today (11 May 2022), Capesize rates finally breached $30,000/day mark to $31,151/day from the average of about $14,000/day in April 2022 or about $11,000/day on 20 April 2022 according to the Baltic Exchange. As you may have noticed in several fr…
As we are nearing the traditional peak season in container shipping, the key question is how supply, demand, freight rates and congestion will play out this year. The problem is that global economical and geopolitical forces have created an environment…
FBX Index: Balancing on the tip of a sword Read More »
Capesize This week, the tailwinds turned to headwinds for the Capesize market as a dip in values amongst bearish sentiment was evident for most regions. The Pacific Ocean trade had the charterers in the driving seat as they often managed to achieve low…
Dry Bulk Market: Capesizes Face Headwinds Read More »