Recent signs point to a pickup in world seaborne coal trade during 2021. But it seems unlikely that the strengthening will fully reverse last year’s huge decline, and there appears to be limited potential for continued recovery next year. A sustained d…
A brief rebound in global coal trade? Read More »
Despite last week’s setback, the dry bulk market continues to impress with its strong trajectory since the onset of this year. In its latest weekly report, shipbroker Allied Shipbroking said that “now, reaching close to halfway through the 2nd quarter …
Dry Bulk Market: Is the Momentum Sustainable This Time Around? Read More »
Capesize As the week progressed it became clear that the Capesize market wasn’t having a small retracement but was in for a more significant downturn as the 5TC dropped $6,972 week-on-week to settle at $34,542. While Friday’s sharp selloff in the Pacif…
Dry Bulk Market: Capesize Segment In Retreat Read More »
The dry bulk index keeps its increasing trend driven by buoyant sentiment in dry bulk capesize freight rates. The capesize freight market has been trading strongly since the beginning of April to reach levels not seen in the past decade. The capesize 5…
In its latest weekly report, shipbroker Allied Shipbroking said that “these past two weeks we saw 4 kamsarmaxes and 1 handysize being added in the global dry bulk orderbook. The encouraging freight market performance during the last few months has over…
Ship Owners Adding More Newbuildings and Secondhand Ships As Freight Market Improves Read More »