For the most part, ship owners active in the dry bulk market have refrained from a huge buying spree of vessels during 2019, with the freight market underperforming for most of the year. However, over the course of the past week, activity seems to have…
Ship Owners Return in the Dry Bulk Market Read More »
The Brazilian iron ore export market has always been one of the most important for the dry bulk market, especially given its high ton-mile demand. As a result, the events which unfolded during 2019 are an important indication, as to where the market is…
Dry Bulk Market: What About Brazilian Iron Ore Exports? Read More »
Capesize The market has been well supported over the past week, led primarily by the Atlantic Basin. After bottoming last week, sentiment was seen to improve strongly, with both paper and physical traders buying into the rally. Opening the week at $18,…
Dry Bulk Market: Capesizes On the Rise Again Read More »
Ship owners have turned their attention to the second hand market for dry bulk carriers. In its latest weekly report, shipbroker Banchero Costa said that it was “a pretty busy week in the dry bulk sector. Starting with larger units, BULK HARVEST around…
Ship Owners Snap Up More Bulkers Read More »
The fundamental balance in the market has worsened in 2019 with supply growth outstripping demand, and BIMCO expects that this will continue into 2020. Demand drivers and freight rates After peaking in September, the fundamentals of the market have beg…