Capesize The small flicker of hope at the beginning of this week has kindled a small fire under the Capesize market. At a paltry $3369 from the beginning of the week, the Capesize 5TC has lifted to $7307 with momentum continuing to build. Led by strong…
Capesize Market: A Glimmer of Hope? Read More »
Dry bulk ship owners have cut their investment in secondhand ships by 50% since the start of the year In its latest weekly report, shipbroker Intermodal said that “once again shipping is about to venture into uncharted waters and before the challenges …
In yet another turn of extraordinary events, the Baltic Dry Index (BDI) is now hovering around the lowest level in at least 20 years. The index currently sits at 520 index points (1 June 2020), 583 points below the reading one year ago and underscoring…
2016 Déjà Vu Lurking As Baltic Dry Index Lingers At Lowest Levels In Decades Read More »
Capesizes supported by firm iron ore demand The capesize segment is seen supported by the robust steel production in China, the world’s largest steelmaker. This, in turn, has increased demand for the raw ingredient of iron ore and therefore has b…
A boost in dry bulk demand, mainly from China, would go a long way into alleviating fears of a new crash in the dry bulk market. In fact, signs over the first few months of the year had been encouraging. In a recent report, shipbroker Banchero Costa sa…
China’s Iron Ore Imports Could Offer Some Respite in the Dry Bulk Market Read More »