The dry bulk market has continued to remained depressed, although some signs of a tentative rebound were obvious during last week’s trading. In its latest weekly report, shipbroker Allied Shipbroking said that “a glimpse of hope was to emerge in the dr…
Dry Bulk Market Depressed, Despite Recent Glimmer of Hope Read More »
The ship recycling market could be set for a revival in the coming days and weeks, as more dry bulk vintage tonnage could be sold for demolition. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “with China implementing new lock…
Ship Recycling Market Expects More Dry Bulk Vintage Tonnage Read More »
Capesize The Capesize market continues to struggle as demand for iron ore remains weak. Vessels in the Atlantic have had difficulties finding cargo, while those available have been fought over with prices diving as a result. The Transatlantic C8 bottom…
Dry Bulk Market: Capesizes Continue to Struggle Read More »
Capesize The Capesize market is going through a rough period as trading pushed valuations into untenable sub-operating expense territory over the week. The Capesize 5TC dropped -$2,854 week on week to finish at $3,413. With rates so low and the outlook…
Bulk report – Week 34 Read More »
Capesize The Capesize market continues to dwell in the doldrums as any attempts to spark a rally were quickly dealt a hammer blow as the 5TC closed the week at $10,898. This rate level is less than a third of the same time last year. The market was rea…
Dry Bulk Market: Recovery Still Elusive for the Capesize Market Read More »