The dry bulk market is reliving the “glory days” of 2008, in terms of freight rates. According to shipbrokers, the positive fundamentals are set to maintain the upwards momentum. In its latest weekly report, shipbroker Allied Shipbroking said that it w…
Dry Bulk Market “Bonanza” Isn’t Over Yet Read More »
The recent political upheaval in Guinea might affect freight rates of Capesize vessels in the region over the next few weeks, but the impact might not be sustainable in the long term due to the Chinese clout in West Africa. The ongoing political turmoi…
Unrest in Guinea to have limited impact on dry bulk market Read More »
In the first seven months of the year Chinese coal imports from Australia have totalled just 780,000 tonnes as Chinese restrictions on Australian coal have started to hurt, according to Oceanbolt. This represents a 98.6% drop compared with 56.8 million…
Chinese coal imports from Australia drop 98.6% as restrictions bite Read More »
Capesize The Capesize market staged a dramatic turnabout at weeks end after seeing several days of value eroded off each route in the market. Closing last week at $46,647 the market took losses down to $40,518 before surging +5021 on Friday to close th…
Dry Bulk Market: Capesizes Stage Strong Comeback Read More »
The incredible rally of the dry bulk market during the month of August has started to translate to higher prices in the second hand market for dry bulk carriers as well. In its latest weekly report, shipbroker Intermodal said that “August was extremely…
Second Hand Bulkers’ Prices Firm Up on Improved Freight Rates Read More »