Disruptions in the supply of iron ore from Vale and Rio Tinto’s unwillingness to offset part of the losses occurred, have led to a major correction in the dry bulk market since the start of 2019. Unfortunately for dry bulk ship owners, this trend…
Dry Bulk Market: Are Further Disruptions On the Horizon? Read More »
Capesize The market continues to ebb and flow with a generally positive up trend. The Capesize 5TC opened with upward momentum from last week’s $11,621 and nudged to over $12,000. It then dropped to $11,705, however, by close it rallied to $11,909. Wes…
Dry Bulk: Capesize Market Fails to Find Support Read More »
Capesize The market continued its rollercoaster ride last week opening with negative sentiment, but turning around in dramatic fashion by the week’s end. The BCI 5TC reduced from $11,182 at the end of the previous week to a low of $9,898 on Tuesday, bu…
Dry Bulk Market: Rollercoaster Ride Continues Read More »
While demolition activity in the dry bulk segment has been up by 185% this year, compared to 2018, a potential dry bulk market recovery ultimately hinges on the improvement from the demand side of things. In its latest weekly report, shipbroker Intermo…
Iron ore demand will be Critical for a Dry Bulk Market Recovery Read More »
The demise of the dry bulk market has been more than evident over the course of the past few months, with a series of events worsening the market’s fundamentals. As such, a sustainable recovery will take some time. In its latest weekly report, sh…
Dry Bulk Market: Uncertainty The Biggest Concern Hindering a Rebound Read More »