Ship owners are refraining from aggravating the existing balance between demand and supply, already not in their favor in many ships classes. This translates to a lull in newbuilding activity, a trend also noticed during the 2009-2010 crisis. In its la…
Minimal Activity Becomes the Norm in the Shipbuilding Market Read More »
A ray of light could be emanating from the Southeast Asian peninsula over the past week, despite the recent extension of lockdown measures. In its latest weekly report, shipbroker Clarkson Platou Hellas noted that “the week has once again ended with lo…
Ship Recycling Industry Should Restart in the Next Few Days Read More »
The outlook is poor for dry bulk, as the negative demand shock and overcapacity come together to send rates to multi-year lows, even a return to work in China is not enough to support the market. Demand drivers and freight rates The dry bulk shipping m…
Dry Bulk Shipping: No Quick Recovery For The Dry Bulk Market As Covid-19 Digs Deeper Read More »
Shipbrokers and market delegates are debating as to whether the current dry bulk market’s demise is an aftermath of the pandemic, or if more structural damage has been done, which could the market remain depressed for many more months. In its latest we…
Dry Bulk Market: Is a V-Shaped or a U-Shaped Recovery Underway? Read More »
Capesize After a week of bounce momentum the market appears to have stalled out once again. The Capesize 5TC has more than doubled since last Friday and is now pricing at $4140 on the back of owners baulking at recent unreasonable lows. Atlantic routes…
Dry Bulk Market: Capesizes Stalled After a Strong Start to the Week Read More »