Capesize The Capesize market this week reached rate levels equivalent of last year’s highs. The 5TC rose $6,242 to settle at the end of the week at $34,762. The Transatlantic C8 roared to life throughout the week and is now the premium paying basin up …
Dry Bulk Market: Capesizes Reach Last Year Highs Read More »
China’s demand helped sustain dry bulk seaborne trade during the year of the pandemic that was 2020. As a result, an economic rebound with the added emphasis on infrastructure is expected to further improve demand for Australia’s iron ore moving forwar…
As daily earnings for the largest of the dry bulk ship types – capesize – reached USD 28,520 on Friday 16 April, a ten-year-high was attained. However, whereas Fridays’ daily average time charter equivalent earnings (TCE) are seasonally strong, t…
Capesize dry bulk earnings break record on the back of strong 2021-start Read More »
Capesize The market turned for all Capesize routes this past week as the BCI reached new highs for the year. The Capesize 5TC started the week at $23,911, surged early in the week before a lull mid-week. It closed out with a strong gain of 4,339 for th…
Dry Bulk Market: Capesizes Reach New 2021-High Read More »
Despite the dry bulk market’s recent upward momentum, things are still quite fragile and nothing should be taken for granted. In its latest weekly report, shipbroker Allied Shipbroking said that “with Q1 of the year already passed, it is interesting to…
Dry Bulk Market Still Fragile Despite Recent Rally Read More »