Capesize The market drifted sideways lacking a strong directional lead most of the week, with gains towards the end the 5TC average settling at $32,469 to close the week, up almost $4,000. Looking closer at the regional feel the Transpacific C10 fortun…
Dry Bulk: Market Lacks Strong Upward Momentum Read More »
A commodities super cycle is looming, but don’t pop the champagne corks just yet, says Wood Mackenzie’s Simon Morris. While the transition from hydrocarbons to the metals necessary for green growth is already underway, there are potential risks to how …
‘Clean’ commodity supercycle risks Read More »
The dry bulk market’s rebound has prompted a surge in dealings for bulkers as well. In its latest weekly report, shipbroker Intermodal said that “dry Buk Sales and Purchase activity has heated up during 2021, reaching record high levels during the firs…
Dry Bulk Carriers Reach Record Levels of S&P So Far in 2021 Read More »
Capesize The Capesize market endured a week of eroding value across all regions as the 5TC lowered $2,430 week on week to settle at $28,572. While the Pacific’s West Australia to Qingdao C5 route closed out Friday up 25 cents to $10.841, appetite from …
Dry Bulk Market Loses Steam Read More »
In its latest weekly report, shipbroker Allied Shipbroking said that “undoubtedly, we are amidst one of the best rallies seen for many years now in the dry bulk sector, with many market participants already anticipating a similar trend to take place du…
Optimism Takes Center Stage in the Dry Bulk Market Read More »