The dry bulk market is perilously close to ending the year in the same dire manner with which it began it. In its latest weekly report, Allied Shipbroking commented that “on Friday, the average of the year so far for the BDI closed at 1,346bp, almost p…
Dry Bulk Market: Capesize Segment Could Face More Downward Pressure Read More »
Capesize For most of the week the rates were nudging up under a flurry of activity in the Pacific as levels for the West Australia to China C5 route were being fixed in the upper eight-dollar level for usual 170,000dwt vessel, 10% cargo. FMG fixed a Ne…
Dry Bulk Market: Capesize Market in Mixed Mode Read More »
Ship owners are adopting a rather conservative approach, when it comes to their new investments in the market, given the amount of uncertainty there is on the market. In its latest weekly report, shipbroker Intermodal said that “the improvements seen i…
Ship Owners Adopting “Defensive” Tactics Read More »
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 »