As daily earnings for the largest of the dry bulk ship types – capesize – reached USD 28,520 on Friday 16 April, a ten-year-high was attained. However, whereas Fridays’ daily average time charter equivalent earnings (TCE) are seasonally strong, t…
Capesize dry bulk earnings break record on the back of strong 2021-start Read More »
Capesize The market turned for all Capesize routes this past week as the BCI reached new highs for the year. The Capesize 5TC started the week at $23,911, surged early in the week before a lull mid-week. It closed out with a strong gain of 4,339 for th…
Dry Bulk Market: Capesizes Reach New 2021-High Read More »
Despite the dry bulk market’s recent upward momentum, things are still quite fragile and nothing should be taken for granted. In its latest weekly report, shipbroker Allied Shipbroking said that “with Q1 of the year already passed, it is interesting to…
Dry Bulk Market Still Fragile Despite Recent Rally Read More »
The dry bulk market is enjoying its best annual start in a decade, thanks to a big rise in demand and supply chain disruptions. In its latest report, shipbroker Allied Shipbroking said that “with the first quarter of the year having come to a close, we…
Dry Bulk Market in Best Annual Start in a Decade Read More »
The retreat of COVID-related disruptions will restore market efficiency and freight rates to better reflect underlying supply and demand fundamentals London and Singapore, 12 April 2021. Dry bulk owners enjoying a welcome bounce in earnings and asset v…
Dry bulk owners break out the bubbles but can they avoid the hangover? Read More »