Despite the latest correction in the dry bulk market, ship owners haven’t been deterred in their quest for modern tonnage, both through contracting and through S&P acquisitions. In its latest weekly report, shipbroker Allied Shipbroking said that “…
Ship Owners Return to Shipyards Read More »
Capesize The Capesize market rebounded briefly this week to provide some hope of a revival in rates after its recent October fall from heights. Early in the week all routes were seeing gains with the Capesize 5TC pricing up and over the 30k levels befo…
Dry Bulk Market: Capesize Market Offers Some Kind of Revival Read More »
The Capesize market has taken a turn for the worse, after a sustained period of rises, with owners now worried that the market could be overcorrecting. In its latest weekly report, shipbroker Allied Shipbroking said that “the enthusiasm amongst Capesiz…
Dry Bulk Market: Ship Owners’ Enthusiasm Turns to Concern as Rates Plunge Read More »
The dry bulk market’s fundamentals remain strongly in favor of shipowners moving forward. In its latest report, shipbroker Intermodal said that “COP26, 77 countries pledged to phase out coal by 2050 but the world’s biggest names in coal including China…
Limited Supply Throughout 2022 Bodes Well for the Dry Bulk Market’s Prospects Read More »
Russia and India have recently entered into an agreement whereby Russia will supply up to 40 million tonnes of coking coal to India every year. Drewry believes this trade will have little or no impact on the demand for dry bulk shipping. The Indian gov…
Russia-India coking coal deal unlikely to impact Panamax shipping Read More »