Contracting of bulk carriers spiked in 2021 and reached 48.4 million DWT, driven by a positive congestion driven cycle which brought an opportunity for investment. However, in the first ten months of 2022 only 11.7 million DWT were contracted as concer…
Bulk carrier deliveries could hit 19-year low in 2024, boosting contracting Read More »
Capesize Activity in the Capesize market had the 5TC pushing in value over a few days in midweek. However, pessimism prevailed as the rates dropped down to close the week -895, settling at $12,807. Some chatter in the market expects an improvement in r…
Dry Bulk Market: Pessimism Still the Norm Read More »
The South African iron ore trade has had a mixed year so far. During the nine-month period of 2022, the third largest iron ore exporter has increased its shipments to China, while those towards the EU have been lowered. In its latest weekly report, shi…
South Africa Iron Ore Exports to the EU Retreat, While China Imports More So Far in 2022 Read More »
Capesize values for older vessels rose in October with prices for 15 year old tonnage up 9.55% since the start of Q4 to USD 22.23 mil. Of the sale and purchase transactions recorded last month, the average age was 19 years. Values for this sector moved…
Capesize values for older vessels rise in October Read More »
Despite the latest developments regarding Russia’s pulling out from the UN grain deal, it seems that the seaborne grain trade’s fundamentals are favorable for ship owners. In its latest weekly report, shipbroker Intermodal said that “global grain trade…
Grain Trade Could Provide Additional Support to the Dry Bulk Market Read More »