Capesize The Capesize market found little to support levels this week as a steady slide in rates saw the 5TC drop $4,681 over the week to settle at $20,933. The market was at a similar level only back in late March / early April where the 5TC found som…
Dry Bulk Market: Capesizes Find New Levels of Support Read More »
The rally in commodities’ prices has underpinned one of the best dry bulk markets in over five years, given the scale and duration of the existing upward trend. In its latest weekly report, shipbroker Allied Shipbroking said that “things in the dry bul…
Dry Bulk Market Exceeds Expectations, But is The Current Trend Sustainable? Read More »
Many agricultural trades have been exceptionally strong in 2021 and several grain types have experienced record high exports. US corn exports are no exception, reaching a record high of 49.1 million tonnes between 1 September (when the marketing year s…
Ship owners’ interest has shifted towards the S&P market during the past few days. In its latest weekly report, shipbroker Allied Shipbroking said that “on the dry bulk side, the positive momentum continues to push forward with several transactions…
Dry Bulk Second Hand Tonnage in High Demand Read More »
Demand drivers and freight rates The first four months of 2021 have been record-breaking in volume terms, with demand reaching 1.69 billion tonnes – the highest-ever start to a year. Volumes are up 6.1% compared with the same period in 2020, and only s…
Dry Bulk Shipping: Record-Breaking Start To Year Drives Earnings To Decade Highs Read More »