An economic resurgence of China has been enough to propel the container and dry bulk markets forward. In its latest weekly report, shipbroker Allied Shipbroking said that “China’s surging economic activity has been the main story thus far in the year, …
Chinese Factor Boosting Container Shipping and Dry Bulk Read More »
Capesize A steady build for the Capesize market saw the 5TC lift $2,696 to settle the week at $19,437. The trajectory of gains appeared more sustainable this week as pressure continued to build on charterers. Significant tail winds are thought to be co…
Dry Bulk Market: Capesizes Gaining Momentum Read More »
Dry bulk stocks were the best performers (up 50.3% YTD) among the sectors we cover and are pricing in 1.34x times NAV on average. The time-charter rates too are at a multi-year high. All these developments have created a buzz and around a potential mar…
Dry bulk equities – Beginning of a super cycle, or just an upswing? Read More »
Dry bulk tonnage is a “hot commodity” right now, as ship owners are opting to add more tonnage in their fleet, in anticipation of improved market fundamentals moving forward. In its latest weekly report, shipbroker Allied Shipbroking said that “a moder…
Ship Owners Turn to S&P Market for More Tonnage Read More »
In the first two months of 2021, Brazilian iron ore exports have risen by 9.1% to 53.0m tonnes, driven by China. So far this year, 35.2m tonnes of iron ore has been exported to China, representing a 15.2% increase from the same period last year and sta…
China’s One-Sided Recovery Drives Iron Ore Market Back Up Read More »