The world is in the midst of the second coronavirus wave and with that comes the natural question of how the current dynamics will play out for the dry bulk shipping market. Demand and the subsequent cargo flow of the major dry bulk commodities are cri…
How the major dry bulk commodities drive the freight market into Q4 Read More »
Ship owners were mostly active in the S&P market for dry bulk carriers over the course of the past week. In its latest weekly report, shipbroker Allied Shipbroking said that “on the dry bulk side, it was another week with a considerable amount of t…
Attention Turns to Second Hand Bulkers Read More »
Over the last couple of weeks we have seen the surge of interest on the Supramax/Ultramax sector, with numerous vessels of that segment under close negotiation and various transactions concluded, which demonstrate a somehow entrenched asset values land…
Supramax sales in the spotlight Read More »
Capesize After the past few weeks of rates snaking sideways while softening, the Capesize market took on a clear and decisive upward trajectory these past few days. The Capesize 5TC gained over 50% in value opening the week at $15,761 to settle Friday …
Dry Bulk Market: Capesizes Gained 50% This Past Week Read More »
The Capesize market’s dominant route is inevitably the Australian iron ore export to China. In its latest weekly report, shipbroker Banchero Costa said that “seaborne iron ore prices reached a six-year high due to China’s insatiable demand for steel am…
Australian Iron Ore Exports are Still Mostly China-Bound Read More »