Commodity markets were shaken over the weekend when news got out about the Chinese government warning “speculators” and “hoarders” in commodity markets about price fixing activities. But let’s be clear, the Chinese authori…
Baltic Dry Index to Push Through 4,000 points? Read More »
The Brazilian market’s iron ore export trade has been a major factor in the dry bulk market’s performance and 2020 was no exception. In a recent note, shipbroker Banchero Costa said that “2020 was still a reasonably positive year for global iron ore tr…
Dry Bulk Market’s Ton-Mile King: Brazil Iron Ore Exports Every Owner’s “Dream” Read More »
Capesize The Capesize market managed to turn its fortunes around this week stemming the slide from the previous week. Opening the week at $34,542 the 5TC weakened until midweek before posting a solid 959 gain to settle at $32,593. This revival is large…
Dry Bulk Market: Capesizes Inch Forward After Rough Patch Read More »
A new rally could be on its way for the Capesize market, which could lead it to even higher grounds than its recent peaks. In its latest weekly report, shipbroker Intermodal said that “the dry bulk market’s counter seasonal surge so far into the first …
Dry Bulk Market: Fundamentals Support New Rally After Latest Overcorrection Read More »
The beauty of shipping investments is their cyclical nature embedded in the industry and although there are always explanations and reasons for each leg of the cycle, usually ex post, the plain reality is that shipping rates go up and down because this…
Dry Bulk Correction Underway. Where is the Bottom? Read More »