Throughout the first half of the year, talk of a new dry bulk super cycle has been on many lips as commodity prices have soared to multi-year highs. Freight rates and ship values have also risen but although they exceed prices seen during most of the 2…
Are we looking at the next dry bulk super cycle? Is it even a cycle? Read More »
Reefer container freight rates have risen sharply through 2021, but in contrast to dry cargo rates, are forecast to rise further in 2022, driven by catch up on North-South routes, according to Drewry’s recently published Reefer Shipping Annual Review a…
Reefer container freight rates to outgun dry cargo rates in 2022 Read More »
You might be mistaken for thinking that I am referring to the typically British weather that we have had recently, whereby what could have been a gloriously sunny summer has been interrupted by biblical rains and high winds. Alas not, as awkwardly Brit…
FIS: Ship Shape: When It Rains It Pours Read More »
Capesize The Capesize market broke out of its recent range this week as the 5TC peaked on Thursday before easing Friday slightly down at $36,150. The Pacific routes strengthened throughout the week but softened abruptly on Friday for the Transpacific C…
Dry Bulk Market: Capesize Market on the Rise Again Read More »
Dry bulk trade has been robust so far in 2021, as China’s iron ore imports have been quite strong so far. In a recent weekly report, shipbroker Banchero Costa said that “2021 so far has proved very robust in terms of iron ore trade. Total global loadin…
China Iron Ore Imports Boost the Dry Bulk Market Read More »