In a recent weekly report, shipbroker Banchero Costa said that “the coal market has been hit by a weaker global economy as a result of COVID-19 pandemic and falling industrial electricity demand due to global shift towards cleaner energy. Indonesia, th…
Indonesia Coal Exports Retreat As a Result of the Pandemic Read More »
Capesize It was a tough week for Capesize owners as the market was seen to ebb away on underwhelming activity levels. It’s uncharacteristic for this time of the year, although 2020 is anything but normal. The week’s movement saw Brazil C3 l…
Dry Bulk Market: Capesizes Faced a Tough Week Read More »
Overview An impressive recovery in Chinese dry bulk imports has protected the industry from the effects of falling demand in the rest of the world. High deliveries and low contracting have left the orderbook at multi-year lows, but – with the poor outl…
Dry Bulk Shipping: China’s demand keeping the dry bulk market going Read More »
NEWBUILDING Despite the overall uncertainty prevailing the global economy, it seems that interest for new orders in the dry bulk sector has started to rebound. This past week we noticed three new orders being placed, depicting the slow but steady retur…
Newbuilding: Dry Bulkers In Demand Read More »
Capesize The Capesize market suffered a technical correction this week, with the timecharter average shedding $1792 to close at $16,252. Whilst the catalyst was not isolated to one loading area, the C5 West Australia round rapidly traded lower on Thurs…
Dry Bulk Market: Correction Mode Evident This Week Read More »