Capesize It was a positive end to the week, with West Australia/China making significant gains and firing owners’ resolve. There was talk that one of the majors paid $7.00 for 7-9 December cargo on Friday, with rates gaining 85 cents in a few hours. Ti…
Dry Bulk Market: Capesize Market Ends the Week on a High Read More »
In early 2017 Hugh Williams, Chairman and CEO of the Graig Shipping Group, and Andrew Westwood, Senior Vice President, Business Development Region South East Asia, Pacific & India at DNV GL – Maritime, met to brainstorm a new project. The two men w…
Reinventing Ultramax Read More »
Demand drivers and freight rates This year – 2018 – has delivered as promised. The improved fundamental market conditions in the first three quarters of 2018 have seen the Baltic Dry Index (BDI) rise significantly – up by 24%, 25% and 41% in Q1, Q2 and…
After a turbulent period, the dry bulk market’s prospects seem to be back on track. Shipbrokers are reporting higher availability of finance, key to more S&P deals being concluded, in a time when freight rates seem to have stabilized again. I…
Dry Bulkers In High Demand as Market Prospects Improve Read More »
Capesize After a cut throat couple of weeks, the market finally appeared to have found a floor and rates ticked up. Those analysts that predicted a strong fourth quarter have, as yet, offered few reasons for the dramatic fall. The key trade from West A…
Dry Bulk Market: Capesizes Find The Floor and Bounce Back Read More »