The iron ore-led dry bulk market boom could still have enough steam to run, despite the recent negative pressure on iron ore prices. In its latest weekly report, shipbroker Allied Shipbroking said that “one of the major trades that has helped drive the…
Dry Bulk Market Boom Still Has Plenty of Steam Left In It Read More »
Capesize The Capesize market strengthened this week as Pacific routes were affected by weather incidents pushing the 5TC up $3,244 week on week to settle at $35,713. China endured typhoon In-Fa throughout the week as it closed ports and disrupted tonna…
Dry Bulk Market: Capesize Segment Strengthens Read More »
The global economic recovery is still on track, but it is being skewed more heavily towards advanced economies who are being buoyed by fiscal support, access to vaccines and improved health metrics, according to the International Monetary Fund (IMF). R…
‘Widening fault lines’ unbalance global recovery Read More »
Ship owners are looking to minimize time spent on ship repair/maintenance, in order to avoid losing out to a surging freight market. However, the task is extremely hard, given that COVID has wreaked havoc on yards’ scheduling and time frames. In its la…
Capesize The market drifted sideways lacking a strong directional lead most of the week, with gains towards the end the 5TC average settling at $32,469 to close the week, up almost $4,000. Looking closer at the regional feel the Transpacific C10 fortun…
Dry Bulk: Market Lacks Strong Upward Momentum Read More »