Seaborne iron ore trade has retreated by 2% so far in the first four months of 2022, as Chinese demand hasn’t been as strong. In a recent weekly report, shipbroker Banchero Costa noted that “global iron ore loadings in the full 12 months of 2021 were u…
Seaborne Iron Ore Trade Down In First Four Months of 2022, as China’s Demand Retreats Read More »
Which is the existing pattern in the relationship between tankers and dry bulk carriers? In its latest weekly report, shipbroker Allied Shipbroking noted that “the extent to which the dry bulk and tanker markets are correlated has always been a topic o…
Tankers Vs Bulkers: Two Sides of the Same Coin? Read More »
Ship owners appear to have returned to the newbuilding market, with many deals being reported last week. In its latest weekly report, shipbroker Allied Shipbroking said that “the newbuilding market managed to make a noticeable rebound this week with se…
Newbuilding Orders Pick Up Read More »
The Baltic Exchange Dry Index (BDI) increased from 1,374 to 5,650 between early January and early October 2021, only to fall back to 1,302 by late January 2022. Since then, the market has enjoyed increased support as Brazilian exports recovered from he…
Slow Supply Growth To Support Dry Bulk Market As Risks To Demand Mount Read More »
As of today (11 May 2022), Capesize rates finally breached $30,000/day mark to $31,151/day from the average of about $14,000/day in April 2022 or about $11,000/day on 20 April 2022 according to the Baltic Exchange. As you may have noticed in several fr…