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 »
With coal being among the “key” commodities for dry bulk trade, alongside iron ore, it’s worth taking a look at the trade patterns which have emerged so far this year, especially since in a number of countries, coal is being phased out. In its latest w…
Australian Coal Exports Could Offer Dry Bulk Market Respite Read More »
Capesize The small flicker of hope at the beginning of this week has kindled a small fire under the Capesize market. At a paltry $3369 from the beginning of the week, the Capesize 5TC has lifted to $7307 with momentum continuing to build. Led by strong…
Capesize Market: A Glimmer of Hope? Read More »