Capesize Over the past week the Capesize market has broken out of its recent range bound zone to the downside. It has now dropped below the $20,000 level on 5TC, which hasn’t been seen since early July. With ample tonnage in the ballaster line-up, and …
Dry Bulk Market: Capesizes on the Downside Once More Read More »
The dry bulk market seems to be settling down to yet another bearish period, after third quarter’s rebound. In its latest weekly report, shipbroker Allied Shipbroking noted that “with the dry bulk market having shown a gradual downward correction…
Dry Bulk Market: Bearish Sentiment Prevails Once Again Read More »
It’s been a while, but ship owners seemed to adopt a more bullish stance on the dry bulk market’s future prospects, at least when considering the latest flurry of newbuilding orders placed. In its latest weekly report, shipbroker Allied Shi…
Ship Owners Return to Yards for Dry Bulkers Read More »
Capesize The Capesize market meandered slightly upwards this week before giving back much of its gains mid-week. Opening the week at $24,945, the Capesize market closed the week down at $24,637. The Atlantic Basin saw stronger gains initially as many s…
Dry Bulk Market: Capesize Market Slightly Higher Read More »
Turbulence, volatility and extreme highs and lows are the “name of the game” these days, when it comes to the shipping markets. In its latest weekly report, shipbroker Allied Shipbroking said that “taking a focused look at the dry bulk and tanker secto…
In Shipping Markets, Rollercoaster Rides Are the Main Theme Read More »