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 »
Those with a vested interest in copper might be finding the present US–China trade war a particularly-bitter pill to swallow at the moment. According to Matthew Badiali — senior analyst at financial services business Banyan Hill Publishing — before the…
Copper not gone to pot Read More »
Capesize A tale of two halves this week as the market tide turned mid-week bringing a raft of higher fixtures to both basins. Pockets of pressure in the market released to the upside from Wednesday onwards. The Capesize 5TC routes opened the week at $2…
Bulk report – Week 34 Read More »
Capesize The Capesize market was buoyant in both basins this week, posting gains across the board. After bottoming out the previous week, rates were seen to quickly rise. This was helped along the way by typhoon Lekima off the eastern coast of China an…
Dry Bulk Market: Capesize Rates Rise After Bottoming Out The Previous Week Read More »
The trade war has brought increased attention to the soya bean trade between the US and China with 2019 offering conflicting narratives. On one hand, soya bean exports to China in the first six months of 2019 are up 10.9% compared with the first half o…
US soya bean exports, up or down? Read More »