Trade volumes for iron ore and other dry bulk commodities have shown considerable promise of late, offsetting the coal “issue” between China and Australia. In its latest weekly report, shipbroker Allied Shipbroking said that “it has been a week of furt…
Major Commodities’ Trade Could Bode Well for Shipping During 2021 Read More »
The Capesize market in Q4 thus far was defined by a steady decline in BDI with a recent small uptick during December. After its 5TC average peaked in the first days of October to US$33.500/d, it is now hovering in the very low US$15,000’s/d region. Sub…
Capesize secondhand sales bonanza in Q4 Read More »
In the first article in the series we mentioned that dry bulk freight was in a super cycle between 2001 and 2008. The growth in global yard capacity was unable to keep up with the seaborne demand growth triggered by China joining the World Trade Organi…
2021 Dry Bulk Outlook – Supply Growth Read More »
Capesize After a promising start, the Capesize market really came alive on Thursday as Vale made a reappearance, lifting at least a clutch of vessels from Brazil, with $16 appearing to be the C3 Brazil-China high water mark on the Goodship (177,536 200…
Dry Bulk Market: Capesize Enjoy Solid End to the Week Read More »
It has been a bumpy year for worldwide commodity demand, with some sectors speedily bouncing back from pandemic dents, while others have taken more time to rediscover their ‘normal’. China has been a lynchpin for the recovery in dry bulk commodities; w…
Support for commodity prospects for 2021 Read More »