Freight rates have recovered a lot in 2018, but it is not strong across the board. After a steady decline since April, earnings for handysize ships slipped back into lossmaking territory on the very last day of July – and rates have kept sliding in Aug…
Capesize A turnaround in fortunes for the big ships, with a few slower days in the market. A build-up of tonnage and a lack of Brazil cargoes resulted in a slide in rates. The active West Australia/China trade saw rates cut 80 cents in a week, with $8….
Dry Bulk: Capesize Market on the Up Read More »
Capesize The Singapore holiday mid-week disrupted trading and unsettled the market, with owners losing some resilience. The market took on a late summer feel with a nearby over supply of tonnage, but many considered the ground lost would be regained. A…
Dry Bulk Market: Rates Retreat on Oversupply of Tonnage on Offer Read More »
Capesize A week of largely unfulfilled expectations with holidays again curbing activity. Rates remained essentially healthy, but despite bad weather in China, possibly causing disruption to schedules rates on the major West Australia/China routes, rat…
As the activity in the S&P market has subsided on account of the summer lull, it’s a perfect time for ship owners to contemplate on future deals and plan ahead. In a recent report, shipbroker Intermodal said that “the dry bulk market activity…
Dry Bulkers: Second-Hand Tonnage Primed for Taking Read More »