Capesize The Capesize market was in a steep climb for most of this week as it reached a pinnacle of $74,786 Wednesday before stalling, regathering, and then pushing on to $75,190 at weeks end. These heights were last visited in November 2009. The marke…
Dry Bulk Market: Another Week, Another Rally Read More »
The sudden rise in demand for biofuels is causing supply tightness in the soybean oil market, which is likely to persist until 2022. Alternatives such as sunflower oil will benefit from this situation. The year 2021 has been turbulent for the soybean o…
Supply tightness in soybean oil market making ways for sunflower oil Read More »
As the average length of the journey increases, partly due to port congestions in China, soaking up capacity and pushing up spot rates, shipowners will likely be enjoying high freight rates until the end of the year. Iron ore spot freight rates from We…
BIMCO: Iron ore spot freight rates spike 163% to lift Capesize earnings Read More »
Capesize The Capesize market continued its assertive rally this past week reaching new highs in dramatic fashion. The Capesize 5TC opened the week at $53,240 and never looked like taking a backward step as it closed out the week a staggering $8,069 up …
Dry Bulk Market: Capesize Segment Keeps on Rallying Read More »
The rally in the dry bulk market during most of the third quarter has offered owners of dry bulk carriers, many reasons to be optimistic about the long term sustainability of a new period of growth for the segment. In its latest weekly report, shipbrok…
Dry Bulk Market Offers Reasons for Continued Optimism Read More »