In what could only be deemed as a positive development for the dry bulk maritime industry, Brazil’s iron ore exports appear to be gradually edging higher, after some pretty turbulent period, dating back to the start of 2019. In its latest weekly report…
Brazil Iron Ore Exports Recovering, Bodes Well for Dry Bulk Market’s Long Term Prospects Read More »
A surge in COVID-19 cases around the globe is threatening to deepen and prolong the global economy’s recession, dealing a crucial blow to shipping demand in the process. In its latest weekly report, shipbroker Intermodal said that “the second wave of C…
Shipping’s Hopes of a Swift Demand Recovery Might Have to Wait Until 2021 Read More »
Dry bulk carriers have been in high demand recently, as ship owners looked to capitalize on second hand investment opportunities. In its latest weekly report, shipbroker Allied Shipbroking said that “on the dry bulk side, the SnP market remained active…
Dry Bulkers In Demand Read More »
The Chinese government has prohibited the import of Australian coal, which will be detrimental for dry bulk vessels as Chinese importers will shift from Australia to Indonesia and Mongolia, resulting in a decline in average haulage length and a loss in…
China-Australia tiff to hit dry bulk demand Read More »
Capesize The Capesize market kept up a constant precipitous fall in values this week. Opening at $29,479, the Capesize 5TC has closed the week at $19,952, a drop of almost -30%. The Atlantic has been the most affected of the basins, yet this is likely …
Dry Bulk Market: Capesize Market on Reverse Mode Read More »