Freight rates are under pressure, global trade is hurt by trade wars, fleets are outgrowing demand and, if this was not enough, the price of fuel is about to take a leap, as the IMO sulphur regulation comes into force on 1 January 2020. Shipping compan…
2020 freight rate negotiations will be as tough as necessary Read More »
The Capesize dry bulk market experienced another rollercoaster year in 2019, beginning in dire straits, improving gradually, then rallying, before retreating once more as the year faded. In its latest monthly report, shipbroker Banchero Costa said that…
A Rollercoaster Year for the Capesize Market Read More »
Capesize The Capesize market this past week has been attempting to recalibrate itself in consideration of weakening freight levels and increasing IMO bunker costs. A week out from Christmas there was a definite holiday feel, with some traders already a…
Dry Bulk Market: Weakness Across the Board Read More »
No sense of direction and a “sea of uncertainty” are the reasons behind the dry bulk market’s lackluster performance of late. As a result, 2019 ends with a lack of optimism on the future. In a recent weekly report, shipbroker Allied Shipbroking said th…
Dry Bulk Market Plagued With Uncertainty Read More »
One of the most worrying trends that has developed recently – which will affect shipping demand in the years to come – is the falling trade-to-GDP ratio. The falling ratio can be explained by slowing globalistation as well as increasing pro…
BIMCO: Shipping’s Supply And Demand Trending Off Balance Read More »