The dry bulk market is riding on a high as a result of demand picking up around the world. In its latest weekly report, Allied Shipbroking said that “a remarkable change has been witnessed of late in the dry bulk market, with demand ramping up signific…
Dry Bulk Market: Rates Skyrocket as Demand Picks Up Read More »
On 17 June 2020, the Capesize average earnings jumped a staggering USD 4,250 per day, the largest daily gain since 2013, settling at USD 19,036 per day. Capesize average earnings have rallied in recent weeks, but Wednesday’s observation marks the first…
Capesize earnings leap USD 4,250 per day – largest daily jump since 2013 Read More »
Ship owners have been more active in doing deals in the S&P market, rather than the newbuilding one. In its latest weekly report, shipbroker Banchero Costa noted that it was an “active week in the dry bulk market: a Japanese Capesize named CAPE AGN…
Ship Owners More Active in the S&P Market Read More »
Capesize The Capesize market made new highs for the year this week after strong iron ore demand to the far east continued to develop in the market. Earnings have lifted from sub operating cost levels under two weeks ago, to now having surged up to have…
Dry Bulk Market: Strong Iron Ore Demand Boosts Rates On 2020 High Read More »
Shipping is bound to witness a difficult market in the coming months, with most market delegates adopting a “wait-and-see” stance in every aspect of their business, which in itself could delay the market’s comeback. With things in the supply side of th…
Shipping Stuck Between A “Rock and a Hard Place” Read More »