Capesize Expectations of a further push in the market were largely unfulfilled last week as rates come under pressure in Asia as the North Atlantic trading eased and rates slipped back. West Australia/Qingdao failed to reach $10.00 and dropped to aroun…
Dry Bulk Market: Rally Expectations Falter Read More »
US allies in the EU who had previously voiced concerns about US withdrawal from the Iran nuclear deal have reiterated that the deal is crucial for security and have stepped forward with plans to insulate EU firms from US sanctions. EU’s foreign policy …
Iran Sanctions to Affect Dry Bulk Ton Miles Read More »
Capesize Vale dominated the news for the big ships, with reports Brazilian miners took 20 ships, or more, for August positions from Tubarao to Qingdao. Some were concluded the previous week, but rates paid as the week closed out were in the low $24.00,…
Dry Bulk Market: Capesize Market Dominated By Vale Read More »
The dry bulk market is still trying to find a new balance, amid China’s economical repositiona and shifting trade patterns. For instance, coal trade routes are changing on the back of stricter rules and the need for low sulphur coal. However, the…
Dry Bulk: Coal Trade Shifting on Sulphur Restrictions Read More »
When China entered the WTO back in late 2001, experts were expecting a huge boost in trade, with shipping the main beneficiary. Indeed, this scenario unfolded in the most spectacular manner, as the dry bulk market boomed for the next few years. Today, …
China: The Trade Juggernaut In a Crossroad as Shipping Industry Awaits Outcome Read More »