“During the first half of 2024, newbuild contracting in the dry bulk sector fell 34.2% y/y despite favourable market conditions. A 6.5% y/y increase in prices could be deterring contracting, yet in the second-hand market, where prices rose 15.2% y/y, t…
Dry bulk newbuild contracting fell 34.2%, despite a strong market Read More »
This week’s chart illustrates the increase in the monthly volume of Ukrainian grain shipments during the first half of this year (left chart), following Russia’s withdrawal from the Black Sea Grain Initiative in the summer of 2023. Despite …
Dry Bulk Market: Ukrainian Grain Shipments to all Destinations Read More »
Orders for newbuilding bulkers are still among the main choice by ship owners. In its latest weekly report, shipbroker Banchero Costa said that “interesting activity reported in the dry bulk newbuilding market: Singapore based Owner Winning Internation…
Newbuilding Bulker Orders Picking Up the Pace Read More »
Even though the steel making process tries to move away from the blast furnace-based route (that depends on iron ore) to the route based on electric arc furnaces that rely heavily on ferrous scrap, the unavailability of ample recycled metal will furthe…
Capesize This week finished on a positive note with the Capesize 5TC increasing by $942, finishing the week at $27,388. The rate for C8 transatlantic round voyage, significantly increased by over $3,000 on Wednesday, reaching $29,464, driven by a swap …
Dry Bulk Market: Capesizes End Week on a High Note Read More »