Despite the latest surge in the dry bulk market, ship owners seem to prefer the short-term gains, opting for second hand tonnage, rather than investing in more newbuildings. In its latest weekly report, shipbroker Allied Shipbroking said that “new orde…
Dry Bulk Carriers’ Newbuilding Orders Slowing Down Read More »
Ships’ valuations expert VesselsValue recently published its half year report on the S&P market. Bulker A total of 204 bulkers have been sold since the beginning of 2019, interestingly however only 6 of these have been Capesize bulkers. Durin…
Vast Majority of Bulkers Sold Aren’t Capesizes Read More »
The dry bulk market has been on a rollercoaster ride over the past few months, in a further testament that the Post-Lehman era for shipping and the global economy will be dominated by very big market fluctuations. Amid such a freight rate market, thing…
Dry Bulk Market: From a Four-Year Low to a Five and a Half Year High Read More »
Capesize It was a Brazilian affair with a strong splash of bunkers characterising the Capesize market over the past week. Largely traded in European hours, ballaster tonnage was being secured for an ever-tightening window at the end of July. The C3 ope…
Dry Bulk Market: Bunkers Lifting Capesize Rates Read More »
The story of the past few days is the recent rebound of the dry bulk market, which has now reached a 5.5 year-high. In its latest weekly report, shipbroker Allied Shipbroking said that “feeding off the formidable jump in dry bulk freight rates that has…
Dry Bulk Market: Is the Recent Rally a Seasonal Effect or Is the Rebound Sustainable? Read More »