Chinese steel stockpiles reached record highs amid the coronavirus outbreak, but are now steadily easing. This paints the picture of an increased construction activity and a growing seaborne demand for the key dry bulk commodity of iron ore. Demand ret…
Chinese steel stockpiles retreating, a positive indicator for iron ore demand Read More »
INTERCARGO’s 2018–2019 Benchmarking Report is published during a time of much uncertainty in the dry bulk market. The Baltic Dry Index had reached a high above 1,770 points in August 2018, before retreating down to 600 points in February 2019. It then …
Capesize The Capesize market this past week looks to have come off life support and found some improved sentiment. The week began rather ordinary before surging on Tuesday prior to the index publishing. Improved South African loading options and activi…
Dry Bulk Market: Capesize Market Finds Some Support Read More »
If ever there was a leading indicator to the commodity index this year, it is the Panamax freight market. Already coming under heavy pressure in the last quarter of 2019 these mid-sized workhorses of the dry bulk market started 2020 on the same bearish…
Are the darkest days over – for Panamax freight at least? Read More »
The impact of the pandemic’s expansion around the world and its financial implications are about to put a halt to the shipping industry’s three-year recovery process. In its latest weekly report, shipbroker Allied Shipbroking said that “at this point, …
Shipping Recovery to Take a Back Seat for the Time Being Read More »