A combination of strong demand and low tonnage supply has triggered a dry bulk market upside during the first half of 2024. In its latest weekly report, shipbroker Banchero Costa said that “2023 was a very positive year for the global dry bulk trade. I…
Dry Bulk Demand Pushed the Market Higher During the First Half of 2024 Read More »
This week’s chart illustrates the increase in the monthly volume of Brazilian iron ore during the second quarter of this year (left chart), alongside the growth in Capesize tonne days from Brazil to China since the end of May. While this growth i…
Iron Ore Flows & Capesize Tonne Days Read More »
Capesize This week began on a positive note, with the BCI 5TC increasing significantly by $2,881 to reach $31,438. Early in the week, the Pacific market saw significant activity, with increased participation from all of the miners and rising rates. How…
Dry Bulk Market: Capesize Market Ends Week in Correcting Mode Read More »
The Capesize market has benefited from the resumption of Australian coal exports to China after a period of tension between the two countries. In a recent weekly report, shipbroker Banchero Costa said that “global coal trade has really picked up pace i…
Dry Bulk Market: Australian-China Trade Route Recovering Read More »
The recent rise in the dry bulk freight market has reinforced shipowners’ “appetite” for more second hand bulkers. In its latest weekly report, shipbroker Banchero Costa said that “it was an active week in the bulker market: the Capesize IRON PHOENIX 1…
Dry Bulkers in Demand as Rates Move Higher Read More »