Dry Bulk Market

INTERCARGO’s 2017–2018 Benchmarking Report is published after a second year of solid improvement in the dry bulk market. Back in December 2017, the Baltic Dry Index went above the 1,700 points, after the historic low below 300 points it reached in earl…

Whilst this time of year is traditionally slow for dry bulk markets, the sentiment has been further amplified in the short-term by news last month of the dam break at Vale’s iron ore mine in south eastern Brazil which has sparked supply concerns as clo…

Calling a market turnaround to perfection is pure luck. But scouting for pillars that would support a higher level of demand makes sense. First up is the next Brazilian soya bean export season. Demand drivers and freight rates The extent of the freight…

In terms of number of ships, the orderbook to fleet ratio currently stands at 12% in terms of number of vessels and in terms of dwt this figure rises to 13%. If we break this down further to take in to account each individual sector of the dry bulk fle…

Capesize Despite the focus on Vale and reduced Brazil exports, there were signs of further demand this week that checked further falls. On the downside, higher bunker prices negated any real increase in owners’ returns. Other charterers took up some of…