Capesize This week marked further considerable decline in rates for the Capesize market. While the market was tempered at the beginning of the week with a slight uptick, this ray of hope for owners was cast aside for the market to build momentum to the…
Dry Bulk Market: Capesizes Down Once More Read More »
While the freight rate market for dry bulk carriers has failed to rebound over the course of the past three weeks, demand for second hand bulkers and, more specifically, those built between 2008 and 2011 has kept up its momentum. In its latest weekly r…
Dry Bulk Market: Ship Owners Turn to ‘08-’11 Tonnage Read More »
Despite a correction in the dry bulk market, ship owners are still quite keen on modern dry bulk tonnage. In its latest weekly report, shipbroker Banchero Costa said that “starting from dry bulk two Capesize chaged hands, the Aristofanis I, 177,000 dwt…
Demand for Dry Bulk Tonnage Still Strong Read More »
Indonesia’s ban on exports of unprocessed ores and minerals will result in reduced nickel ore trade, hurting the demand for small bulkers. However, with bauxite trade shifting to Guinea-China from Indonesia-China, large bulk carriers will gain employme…
Capesize The market trended down over this past week, breaking the market out of its upward trending range. While the market traded sideways at the beginning of this past week, it was unable to build any upward momentum and broke to the downside midwee…
Dry Bulk Market: Capesize Market Still on Correction Mode Read More »