Capesize The Capesize market had to contend with volatile bunker concerns once again as the 5TC lost $5956 week on week to close at $15,648. It was also a tough few days for Atlantic owners. The basin plunged a little over 40% in value, with the transa…
Dry Bulk: Capesize Market Facing Volatile Bunker Prices Read More »
The dry bulk market sentiment, at least for the long term, appears to remain positive, if the futures market is any indication. In its latest weekly report, shipbroker Allied Shipbroking said that “there is a fair amount of disarray in global markets, …
Dry Bulk Market: Long Terms Positive Momentum Still Seen Intact Read More »
The current situation in the shipping markets has been favorable of increased ton-mile demand. However, the long-term implications of the Ukraine war are difficult to quantify at this stage. In its latest weekly report, shipbroker Allied said that “for…
Shipping Ton-Mile Demand Increasing as Importers Looking for Lower Costs of Commodities Read More »
Capesize The surge in Capesize rates abruptly flattened off this week as global markets continue to be highly volatile. The Capesize 5TC lowered -591 from last week to settle at $21,604, yet the market remains primed for movement. Underlying reductions…
Dry Bulk Market: Capesize Market Cools Down After Recent Surge Read More »
China and the EU were the main destinations of Russian seaborne coal exports during 2021. In a recent weekly note, shipbroker Banchero Costa said that “following a disastrous 2020, with the world hit by lockdowns and recession pretty much everywhere, g…