Capesize A week of dashed hopes for owners as the optimism evident the previous week evaporated. Rates slipped on all routes and underlying threats of a cyclone in West Australia saw the miners on the side lines. The West Australia/China route fell to …
Dry Bulk: Capesize Index Slips Across the Board Read More »
Very bullish dry bulk forecasts have continued to be released this year — but we continue to urge great caution. Catching our attention, in particular, recently have been some forecasts stating that dry bulk trade is likely to grow by anywhere fr…
Dangerous Dry Bulk Trade Forecasts Read More »
The dry bulk market’s fundamentals are still positive, given that during 2018, net fleet growth was quite low, at 3% despite the fact that demolitions stood at record low levels. In its latest weekly report, shipbroker Banchero Costa said that “in 2018…
Dry Bulk Net Fleet Growth in 2018 At 3% Read More »
Capesize A positive end to a week that saw rates on the West Australia/China run slip below $6.00, as charterers faced a plentiful supply of tonnage. Rates below $6.00 prompted resistance, and after a clear out of tonnage, rates climbed back over $6.00…
Dry Bulk Market: Capesize End Week on Positive Note Read More »
While the fourth quarter of 2018 didn’t live up to expectations, especially for the Capesize segment, it seems that ship owners can take heart in the fact that newbuilding orders were also significantly reduced, which is a quite significant silve…
Dry Bulk Market “Flat Lining”, but Fundamentals Are Solid Says Shipbroker Read More »