The Capesize market has long been in negative territory, leaving ship owners with older ships in their “arsenal” with little no options. As such, over the course of the past few weeks, there’s been a wave of sales for demolition. In its latest we…
Capesizes Sold for Scrap Increase In Numbers Read More »
Capesize Riding the downward momentum of the previous week, the market was always going to be hard pressed to make any sort of revival. With multiple drivers including Coronavirus, rail flooding in East Australia, rains in Brazil and a tropical cyclone…
Dry Bulk Market: Capesizes Still Suffering, but Some Respite Seen for Smaller Classes Read More »
The shipping industry as a whole is in dire straits, as a result of the negative impact from the Coronavirus. It’s not only freight rates which are crashing, but also other aspects of the industry, like for instance shipbuilding and shiprepair ac…
Shipping in Peril From the Coronavirus Aftermath Read More »
Capesize The Capesize market endured another dreadful week of calamitous rate level falls, as the usual season low Q1 period combined with recent global events to stifle demand. Brazil iron ore flows, hit by recent poor weather, have left the spot carg…
Dry Bulk Market: Capesize Market On the Ropes Read More »
The dry bulk market is reeling under pressure in the aftermath of the coronavirus outbreak. With the most affected area in China, being predominantly a steel producing region, demand for iron ore has plunged. Additionally, freight rates have plunged as…
Dry Bulk Market: Unique Circumstances Plaguing Rates and Shipping Companies Read More »