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 »
3,016 voyages performed by 940 Capesize ships are the numbers from Australian exports to China during the first eight months of 2020. A total of 899 voyages were destined for other nations, with South Korea and Japan-bound voyages accounting for 636 of…
8 out 10 Capesize bulkers head for China when leaving Australia Read More »
Newbuilding orders for dry bulk carriers seem to be on the up. In its latest weekly report, shipbroker Allied Shipbroking said that “it was an interesting week in the newbuilding front, with news over a fair number of fresh orders emerging especially i…
Dry Bulk Newbuilding Orders Pick Up Pace Read More »
Ship owners are actively looking for more deals in the dry bulk S&P market. In its latest weekly report, Intermodal said that it was “another active week in terms of SnP has concluded in the dry bulk market with a diversified array of transactions …
Ship Owners Looking for More Deals in the Dry Bulk Segment Read More »
Capesize It was all heavy swell for the Capesize market this week as rate levels swung with no clear direction. The Capesize 5TC opened the week at $15,248 to close at $15,761. The Pacific basin was seen to gain traction throughout the beginning of the…
Dry Bulk Market: Capesizes Lack Direction Read More »