The Chinese government has prohibited the import of Australian coal, which will be detrimental for dry bulk vessels as Chinese importers will shift from Australia to Indonesia and Mongolia, resulting in a decline in average haulage length and a loss in…
China-Australia tiff to hit dry bulk demand Read More »
Capesize The Capesize market kept up a constant precipitous fall in values this week. Opening at $29,479, the Capesize 5TC has closed the week at $19,952, a drop of almost -30%. The Atlantic has been the most affected of the basins, yet this is likely …
Dry Bulk Market: Capesize Market on Reverse Mode Read More »
The shipping market is undergoing a challenging 2020 in terms of freight rate market, amid a global pandemic, which has disrupted the global supply chain. In its latest weekly report, shipbroker Intermodal said that “the challenges brought forward in 2…
Demand for Seaborne Shipping Is Still Here Despite Pandemic Disruption Read More »
Capesize The Capesize market reached new highs for the year this week, topping out at $34,896 on the 5TC. The quick ascension to these lofty heights has been met with an equivalent descent since Wednesday as the market shed value down to $29,479 by wee…
Dry Bulk Market: Capesize Market On New Heighs Read More »
China’s coal imports have diminished over the course of the third quarter, after a promising beginning to the year. In its latest weekly report, shipbroker Banchero Costa said that “China’s coal imports boomed in 2019, surprising many who had exp…
China Coal’s Imports: A Dry Bulk Market Conundrum Read More »