Capesize The New Year started with an erosion on pre-Christmas rates as the higher low sulphur fuel costs due to IMO 2020 affected levels. From Brazil the route is now assessed at close to $18.50, whilst from West Australia, several vessels were fixed …
Dry Bulk Market: Capesize Market Starts on the Wrong Foot Read More »
The trade dispute dampened grain and soybean trade between the US and China in 2019 and China’s total imports of grain and soybean from the US in the year were down 18.5 million tonnes over 2017. However, it seems that trade negotiations between the US…
Sunny side up for grain and soybean trade in 2020 Read More »
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 »