The negative impact of the lack of cargoes in the dry bulk market since the start of the year took its toll in the level of the global fleet’s utilization rate, which declined by 3.7% over the course of the first three months of 2019. According to a re…
Dry Bulk Fleet Utilization Down By 3.7% During First Quarter of 2019 Read More »
Capesize The market continued in an unusually steady ascent last week. With no major news in the market, each day improved on the last, breaking with the recent boom bust volatility. Owners appear to be less inclined to overplay their hand, while takin…
Dry Bulk Market: Capesizes on Steady Mode Read More »
The recent one-year anniversary of the US-China trade war is nothing to celebrate for. In fact, ongoing friction is now openly threatening the global economy, with many analysts (most recently the IMF) now openly warning about a looming global recessio…
Shipping Industry Hopes for a Trade War Truce Before “It’s Too Late” Read More »
The dry bulk market is about to face a significant challenge in the coming months, given the fact that the current fleet statistics and the looming orderbook numbers aren’t painting a pretty picture anymore. Thus, shipbrokers like Allied Shipbroking ar…
Dry Bulk Market: Demand Will Save the Day Read More »
Capesize The market continued its steady ascent over the past week to improved levels. The TC average opened the previous week at $12,243 and climbed through respectable fixture volumes, predominately in the East, to close Friday at $12,987. The West A…
Dry Bulk Market: Capesize Market in Steady Rise Read More »