Vessels classes deemed out of favor and obsolete a few years back, made their glorious return during 2021, riding the wave of favorable market conditions, both in the dry bulk and the container segments. In its latest weekly report, shipbroker Intermod…
The Freightos Baltic Global index remained stable to end the year, increasing just 1% in December to $9,43/FEU, though rates are still 179% higher than a year ago and more than 6X the pre-pandemic norm. In this year’s version of the post-peak season an…
FBX Index December: Market Summary Read More »
China’s tensions with Australia led to a significant increase in iron ore imports from Brazil, which now accounts for 22.5% of global iron ore shipments. In a recent report, shipbroker Banchero Costa said that “2021 has proved fairly robust, but far fr…
Dry Bulk: A Shift in Ton-Mile Demand Supported Rates in 2021 Read More »
Capesize The Capesize Baltic index returned from year-end holidays this week and immediately saw activity coming from the usual West Australia iron ore flow. Closing out 2021 at $19,176 the Cape 5TC ended its first week in 2022 at $20,167. Initial move…
Dry Bulk Market: Capesize Enters 2022 With Positive Momentum From the Iron Ore Market Read More »
The S&P market for dry bulk carriers mirrored the great performance of the freight market – for the most part – during 2021. In a recent report, shipbroker Intermodal said that “as an outstanding year for the dry bulk freight market ended, so did a…
2021 an Outstanding Year for Dry Bulk Carrier Acquisitions Read More »