Unless ship owners pick up their ship recycling activities, freight rates will remain in sub-par levels is the main view of an ever increasing number of market delegates. In a recent report, shipbroker Intermodal said that “once again, we are faced wit…
Dry Bulk Market: Scrapping of Older Ships A One-Way Street To Shipping’s Recovery Read More »
The disruption in the iron ore seaborne trade this year has been well documented, together with the negative impact that this development has had in the Capesize dry bulk segment. However, analysts point out that coal trade could prove to be a dampenin…
Dry Bulk Market: Could Coal Become the “Savior” of the Dry Bulk Market? Read More »
With the first quarter of 2019 already past us, it’s now becoming increasingly obvious that the dry bulk market will find it hard to experience a third consecutive year of recovery, not to mention new peaks. In its latest weekly report, shipbroke…
Dry Bulk Market: New Peaks a Thing of the Past as Harsh Reality Sets In Read More »
China’s increased use of scrap metal for its production of crude steel is fundamentally critical to the dry bulk shipping industry. Mostly Capesize ships are impacted by this, way beyond the temporary iron ore export disruptions in Brazil and Australia…
BIMCO Sees Hard Times Ahead for Capesizes Read More »
China’s decision to restrict its coal imports in 2019 below 2018 levels will dent demand for Panamaxes, but an ongoing tussle with Australia could be the silver lining. The Chinese government plans to curb the country’s coal imports by 3%-4% in 2019, t…
A Chinese punch on Panamaxes Read More »