Capesize The market saw a steep ascent from the depths of last week. The Baltic Capesize Index (BCI) 5TC opened on Monday at $5,099, although by Friday’s close most gains were lost, and it finished up at $5,737, a modest gain of $638. Improved sentimen…
Dry Bulk Market: Capesizes On Higher Ground Read More »
Unprecedented factors have come into play in the dry bulk market, with shipbrokers expecting additional downward pressure, mostly in Capesize rates, moving forward. In its latest weekly report, shipbroker Intermodal said that “the tragedy in Braz…
“Unique” Conditions Pressuring Capesize Freight Rates Read More »
The market had hoped that China would unveil a large stimulus package at the March NPC; but any expectation of a large boost to world growth and commodities demand has not come, yet. The current stimulus package is smaller; less potent and less positiv…
CRU: China Stimulus 2018-19 – Less Positive for Commodities Demand than the Past Read More »
Last year, it was mostly tankers and containers which were the main candidates for ship recycling. As of late though and amid a growing unease regarding the dry bulk market’s immediate prospects, more and more dry bulkers are being considered for…
Bulkers Are Now Headed for Recycling in Market Shift Read More »
VesselsValue data suggests the value of a generic fixed age 15 year old Capesize Bulker has fallen 20% from 1st November 2018 to USD 12.2 million today. By contrast, other valuers are quoting figures or estimated ranges 15-30% higher. Company Director …
Capesize values under pressure Read More »