China continues to block Australian coal and is diversifying its import sources (long haul countries) which will support coal shipping demand in 2021. Amid the China-Australia trade dispute, China has significantly increased its imports from the US, Ca…
China pushes coal trade on the longer route – a boon for smaller vessels? Read More »
Capesize It was a dismal week throughout for Capesize earning as all routes softened in what was a largely disrupted week due to numerous public holidays around the globe. The Transpacific C10 opened the week at $40,246 and any upward momentum quickly …
Dry Bulk Market: Capesizes Suffer, as Market Softens Read More »
Since the advent of the pandemic in early 2020 and following the initial shock causing a deep dive in economic output worldwide, after China’s successful handing of the health crisis, two buzzwords have been in market participants’ lips: “vaccines roll…
Dry bulk commodities and asset values steely resolve Read More »
Commodity markets were shaken over the weekend when news got out about the Chinese government warning “speculators” and “hoarders” in commodity markets about price fixing activities. But let’s be clear, the Chinese authori…
Baltic Dry Index to Push Through 4,000 points? Read More »
The Brazilian market’s iron ore export trade has been a major factor in the dry bulk market’s performance and 2020 was no exception. In a recent note, shipbroker Banchero Costa said that “2020 was still a reasonably positive year for global iron ore tr…
Dry Bulk Market’s Ton-Mile King: Brazil Iron Ore Exports Every Owner’s “Dream” Read More »