Capesize Overall the market was active in both basins, especially with more fixtures reported from the North Atlantic in midweek. With limited cargo interest at the beginning of the week rates remained negative. The West Australia to Qingdao trade fail…
Dry Bulk Market: Capesizes Rebound As the Week Ends Read More »
Capesize A mild week for the Capesize sector saw rates trundling sideways with small pockets of encouragement. However, there was nothing to initiate a push out of the recent trading range as the 5TC softened 130 week-on-week to settle at $19,745. A br…
Dry Bulk Market: Softness Across the Board Read More »
In a clear sign of the turbulent times we’re experiencing, coal imports have began making their way into Europe with more cargoes entering the EU market. It’s a response to the scramble to offset the losses of Russian gas. In its latest weekly report, …
Dry Bulk Market: Coal Imports Making Their Way Into Europe Read More »
An upturn in iron ore prices on the back of promises from Chinese President Xi Jinping to take more effective measures to achieve the country’s economic and social development goals has proven to be just a blip. When Xi made his comments on June 23, ir…
Iron ore stuck in downward spiral Read More »
Capesize The Capesize market was unable to carry the rally from last week as rates were seen to dip sharply this week with the 5TC down 4901 to $19,875. Trade activity throughout the week came in fits and starts with the market struggling to settle. Wh…
Dry Bulk Market: Capesizes Stall, as Sentiment Softens Across the Board Read More »