Capesize Closing out the first full trading week of 2020, the Capesize market is struggling to gain any solid positive upward traction. Opening the week at $10,825, the Capesize 5TC fell away to $9,020, before staging a small rally to close Friday at $…
Dry Bulk Market: Capesizes Struggle for Traction Read More »
A historic drop in coal-fired electricity generation will not sway global coal demand from its upward trajectory through to 2024, though growth will not be as steep as it has previously been. That outlook from the International Energy Agency’s (IEA) la…
Dry Bulk Market: “This is not the end of coal” says IEA Read More »
The dry bulk market has been on the downside for 20 straight sessions now, indicating that a weak sentiment has settled for good. To make matters worse, in three weeks time comes the Chinese New Year, traditionally a low point for the market in terms o…
Dry Bulk Market: Things Will Get Worse Before They Improve Read More »
One of the major coal exporters, South Africa is now having to rely more on markets like the ones in the Indian Subcontinent, especially India, in a bid to find buyers for its product. South Africa hasn’t managed to penetrate Far East Asian markets, bu…
Dry Bulk Market: Where to Next for South Africa’s Coal Exports? Read More »
Coal demand is increasingly moving towards the East, as European cargoes are gradually reducing. In a recent weekly report, shipbroker Banchero Costa said that “demand for coal continues to experience sharply differing fortunes in the Atlantic and Indo…
Europe Coal Imports Retreating Fast Read More »