The shipping industry as a whole is in dire straits, as a result of the negative impact from the Coronavirus. It’s not only freight rates which are crashing, but also other aspects of the industry, like for instance shipbuilding and shiprepair ac…
Shipping in Peril From the Coronavirus Aftermath Read More »
Capesize The Capesize market endured another dreadful week of calamitous rate level falls, as the usual season low Q1 period combined with recent global events to stifle demand. Brazil iron ore flows, hit by recent poor weather, have left the spot carg…
Dry Bulk Market: Capesize Market On the Ropes Read More »
The dry bulk market is reeling under pressure in the aftermath of the coronavirus outbreak. With the most affected area in China, being predominantly a steel producing region, demand for iron ore has plunged. Additionally, freight rates have plunged as…
Dry Bulk Market: Unique Circumstances Plaguing Rates and Shipping Companies Read More »
The Baltic Exchange Capesize Index (BCI) dropped to -133 index points on 4 February 2020, turning negative for the first time ever on 31 January 2020. The composite BDI index (BDI), which has excluded the more stable handysize segment since March 2018,…
Capesize index plummets to -133, the first time ever in negative territory Read More »
The combination of a slump in freight rates, but also a general lack of activity due to the Coronavirus has limited ship owners’ appetite for deals in the market, most notably in the newbuilding segment, but also in the S&P market. In its latest we…
Ship Owners Looking for Deals only in the S&P Market Read More »