World GDP is forecast at 3.3% for 2022, down from 5.8% in 2021 and with little improvement predicted for 2023. That’s on the back of displacement and destruction – “two massive blocks” – in Ukraine and Russia’s isolation from the world economy “f…
Significant deceleration’ to stunt demand Read More »
The dry bulk market has been a mixed bag in terms of performance over the past few weeks, although it should be said that the start of the second quarter of 2022 has been positive so far. In its latest weekly report, shipbroker Allied Shipbroking noted…
Dry Bulk Market: A Mixed Bag So Far Read More »
Capesize The Capesize market fared little better this week to begin with. However, by Friday green shoots were beginning to emerge as the 5TC saw a low of $13,596 yet closed at $15,460. The Atlantic basin remains the Achilles heel of the market with po…
Dry Bulk Market: Capesize Market Improves Read More »
The dry bulk market is in transition mode, after the disruption caused in the Russian and Ukrainian wheat exports. In its latest weekly report, shipbroker Banchero Costa said that “the Russian invasion of Ukraine has particularly strong implications fo…
Dry Bulk Market: 2,500 Wheat Cargoes Disrupted Read More »
Capesize The Capesize market had to contend with volatile bunker concerns once again as the 5TC lost $5956 week on week to close at $15,648. It was also a tough few days for Atlantic owners. The basin plunged a little over 40% in value, with the transa…
Dry Bulk: Capesize Market Facing Volatile Bunker Prices Read More »