Like it or not, consolidation in the shipping sector remains necessary for survival, especially in light of declining freight rates for the dry bulk sector. With the Baltic Dry Index down almost 800 points in just three months, the prospect of consolid…
Dry Bulk Market: Falling rates encourage consolidation Read More »
Capesize The Vale disaster weighed heavily on the market for big ships, with uncertainty about shipments/future exports leading to a sharp drop in rates. The miners have largely been absent from the market, with just a handful of others there with carg…
Capesize Market Weighed Down by Vale Dam Disaster Read More »
The dry bulk market has been reeling under the pressure exerted on freight rates by the lull in the Chinese market. In its latest weekly report, shipbroker Intermodal noted that “as the market is already going through the first days of the Chinese New …
China’s New Year Brings Dry Bulk Market Rates At 2 Year Lows Read More »
Following an almost total halt in exports of soya beans to China in the last quarter of 2018, the new year has brought new hopes for American farmers and the dry bulk shipping sector. The USDA reported that in the first four weeks of 2019 754,609 tonne…
Trade War Cease-Fire Is Good News For The Dry Bulk Sector Read More »
The dry bulk market seems unable to recover, having entered 2019 in a dire state, out of which is seems unable to recover. In its latest weekly report, shipbroker Allied Shipbroking said that “the dry bulk sector is in the doldrums, with most market pa…
Dry Bulk: Seasonality or Something Deeper Behind the Dry Bulk Market’s Downfall? Read More »