Ship owners are stockpiling dry bulk carriers, after the latest rally in the freight rate market. In its latest weekly report, shipbroker Banchero Costa said that “despite the summer season activity picked up in the dry bulk sector following the trend …
Dry Bulkers in High Demand Amid Market Rally Read More »
Capesize Another week of gains as the Atlantic basin continues to be pressurised on tonnage and Brazilian cargoes keep up a steady flow. The Capesize 5TC opened the week at $26,705 to close Friday at $32,765, an increase of more than 22%. The Brazilian…
Dry Bulk Market: Capesize Market Sizzling Hot Read More »
With 1 January 2020 less than five and a half months away, INTERCARGO expresses its growing concern in view of the magnitude of the challenge lying ahead for the industry and the need for a smooth transition. The global availability of safe compliant f…
“2020 Global Sulphur Limit implementation: INTERCARGO raises Safety concerns” Read More »
Despite the latest surge in the dry bulk market, ship owners seem to prefer the short-term gains, opting for second hand tonnage, rather than investing in more newbuildings. In its latest weekly report, shipbroker Allied Shipbroking said that “new orde…
Dry Bulk Carriers’ Newbuilding Orders Slowing Down Read More »
Ships’ valuations expert VesselsValue recently published its half year report on the S&P market. Bulker A total of 204 bulkers have been sold since the beginning of 2019, interestingly however only 6 of these have been Capesize bulkers. Durin…
Vast Majority of Bulkers Sold Aren’t Capesizes Read More »