Capesize As China returned from their Lunar New Year holidays there was hope in some quarters that the market would see a recovery from the steep declines of January. There was optimism that a floor had been found, as there were only marginal daily fal…
Dry Bulk Market: Capesize Market’s Weakness Still Evident Read More »
China’s reopening after the Lunar New Year celebrations, is expected to offer a boost in the freight rate market. In its latest weekly report, shipbroker Xclusiv Shipbrokers said that “as the Lunar New Year was celebrated in China, the dry bulk and tan…
China Return to Action Could Trigger a Freight Market Rebound Read More »
After a volatile 2022, leading shipbroker Simpson Spence Young (SSY) looks at the next 11 months and highlights areas of particular interest in their 2023 Outlook Report. Contributions come from a range of senior research and broking experts and cover:…
2023 Market Outlook from SSY Sees Return to Growth for Dry Bulk Market Read More »
China’s iron ore imports retreated by an additional 1% during 2022. In its latest weekly report, shipbroker Banchero Costa said that “2022 was a rather negative year for global iron ore trade, primarily due to weaker demand worldwide and supply issues …
China’s Iron Ore Imports Market Share Reached 71.3% in 2022 Read More »
Capesize The Capesize timecharter average (5TC) lost more than 50% of its value since the middle of last week. The spot rates in both basins continued their descent throughout the week after the lunar New Year holidays. The 5TC closed the week at $4,43…
Dry Bulk Market: Capesizes Down More Than 50% in the Space of 10 Days Read More »