The dry bulk shipping market has performed startlingly well this year thus far, with a combination of unique factors to have enabled this strong momentum: port congestion, quarantine measures, geopolitics, tight tonnage supply, firm demand, all create …
Chinese macroeconomic trends and their impact on the dry bulk freight market Read More »
Ship owners are ramping up their newbuilding ordering activity, loading up with new bulkers, as the market’s prospects appear to be quite bright once again. However, some delays could be expected. In its latest weekly report, shipbroker Banchero Costa …
Dry Bulk Market Rally Triggers Newbuilding Investment Spree Read More »
Capesize The Capesize market was in a steep climb for most of this week as it reached a pinnacle of $74,786 Wednesday before stalling, regathering, and then pushing on to $75,190 at weeks end. These heights were last visited in November 2009. The marke…
Dry Bulk Market: Another Week, Another Rally Read More »
The sudden rise in demand for biofuels is causing supply tightness in the soybean oil market, which is likely to persist until 2022. Alternatives such as sunflower oil will benefit from this situation. The year 2021 has been turbulent for the soybean o…
Supply tightness in soybean oil market making ways for sunflower oil Read More »
As the average length of the journey increases, partly due to port congestions in China, soaking up capacity and pushing up spot rates, shipowners will likely be enjoying high freight rates until the end of the year. Iron ore spot freight rates from We…
BIMCO: Iron ore spot freight rates spike 163% to lift Capesize earnings Read More »