While 2019 was a year of great turbulence in the dry bulk market, some silver lining can be found in the fact that future tonnage supply could be limited, at least given the low level of newbuilding activity. In a recent report, shipbroker Allied Shipb…
Dry Bulk Newbuilding Activity Took a Dive in 2019 Read More »
A child can hope, but ultimately, they know if they have been good during the year or managed to get themselves on Father Christmas’s naughty list. For shipowners, life can be a little cruel at this time of year too. Good or bad, the seasonality chart …
Dry bulk market still on the naughty step Read More »
Freight rates are under pressure, global trade is hurt by trade wars, fleets are outgrowing demand and, if this was not enough, the price of fuel is about to take a leap, as the IMO sulphur regulation comes into force on 1 January 2020. Shipping compan…
2020 freight rate negotiations will be as tough as necessary Read More »
The Capesize dry bulk market experienced another rollercoaster year in 2019, beginning in dire straits, improving gradually, then rallying, before retreating once more as the year faded. In its latest monthly report, shipbroker Banchero Costa said that…
A Rollercoaster Year for the Capesize Market Read More »
Capesize The Capesize market this past week has been attempting to recalibrate itself in consideration of weakening freight levels and increasing IMO bunker costs. A week out from Christmas there was a definite holiday feel, with some traders already a…
Dry Bulk Market: Weakness Across the Board Read More »