Capesize The week proved conspicuous for all the wrong reasons. This was the week when the Baltic Capesize Index (BCI) turned negative, closing at -20, whilst the average of the routes settled at $3,973. With the perennial Q1 weakness, Chinese New Year…
Dry Bulk Market: All-Time Record Lows for Capesizes Read More »
The dry bulk market is looking set for a rough ride during 2020, with spikes in rates being the exception, instead of the norm. In its latest weekly report, shipbroker Allied Shipbroking noted that “sometimes numbers can better reflect the state of the…
Dry Bulk Market: A Mediocre 2020 Could be Shaping Up Read More »
Ship owners have restrained their newbuilding and S&P investments in terms of new acquisitions since the start of the year, given the turbulent period that the freight market is experiencing. In its latest weekly report, shipbroker Allied Shipbroki…
Ship Owners Timid on New Investments Read More »
Capesize The market endured heavy losses throughout the past week, with the Capesize 5TC dropping from $8,352 to $4,772. In the lead up to Chinese New Year it became quickly evident positions had been managed the week before leaving only minimal loose …
Dry Bulk Market: Capesizes Still Under Heavy Pressure Read More »
The shipping industry has been looking forward to a trade deal between the US and China for quite some time now. As a result, the latest positive development is expected to boost the fortunes of both the dry bulk and the tanker markets, but also to inc…
Shipping Is Looking to Benefit from the US-China Trade Agreement Read More »