Capesize The surge in Capesize rates abruptly flattened off this week as global markets continue to be highly volatile. The Capesize 5TC lowered -591 from last week to settle at $21,604, yet the market remains primed for movement. Underlying reductions…
Dry Bulk Market: Capesize Market Cools Down After Recent Surge Read More »
China and the EU were the main destinations of Russian seaborne coal exports during 2021. In a recent weekly note, shipbroker Banchero Costa said that “following a disastrous 2020, with the world hit by lockdowns and recession pretty much everywhere, g…
Capesize The Capesize market appeared to get caught up in the wider market rallies this week as geopolitical tensions run high, with the 5TC lifting $8635 over the week to settle at $22,195. Tailwinds surely helped push the market higher but plenty of …
Dry Bulk Market: Capesize Market Reaches New Highs Read More »
The ship recycling market has livened up over the course of the past week. In its latest weekly report, shipbroker Clarkson Platou Hellas commented that “whilst levels in Bangladesh and Pakistan remain firm, but steady to an extent, prices from India h…
Ship Recycling Market Looks Alive Read More »
The Capesize market had a mild trading range this week hitting a high of $15,258 and a low of $13,414 to settle Friday at $13,560. While events in Europe have been disruptive, the trading activity was generally back to normal this week as most shipping…