Surging iron ore exports from Brazil and contracting vessel supply in the region will keep Capesize/VLOC vessels in high demand in the Atlantic, supporting the continued surge in freight rates. The Capesize market is witnessing a festive period with sp…
Euphoria in dry bulk spot rates Read More »
The Baltic Exchange has launched a new assessment to track the cost of operating vessels. Initially covering a range of dry bulk vessels, the service will also be expanded to tankers and other sectors. The Baltic Operating Expense Index (BOI) will be p…
Baltic Exchange launches new ship operating expenses assessment Read More »
The tide could be about to shift when it comes to the long-term sustainability of the dry bulk market’s rally, which has been ongoing over the course of the past few months. In its latest weekly report, shipbroker Allied Shipbroking noted that “i…
Is The Dry Bulk Market Rally Coming to an End? Read More »
Shipping’s future prospects seem to justify the current optimism, as it’s reflected in the freight rate market over the past couple of months. In its latest weekly report, shipbroker Intermodal said that “for yet another time, the market se…
Capesize The market reached new heights this week as the 5TC topped $38,014, a level not seen in the sector since 2013. Fridays 5TC closed down $732 to settle at $37,921. While this week’s surge in rates was driven by a tightening of tonnage that is ab…
Dry Bulk Market: Capesizes Reach New Highs Read More »