High iron ore inventories at Chinese ports and looming uncertainty in the global economy are threatening the demand for Capesizes. We believe demand for Capesizes in 2019 will be proportional to iron ore inventories at Chinese ports. Even though China’…
Port inventories’ nightmare to haunt Capes? Read More »
The decline and poor outlook for the Capesize market has been apparent since the start of 2019, with ship owners, instead, shifting their attention in smaller ship segments, which are faring better. This trend has been evident in the S&P market as …
Dry Bulk Market: Capesize Segment Out of Favor, as Rates Drop Read More »
Capesize Vale’s ongoing absence from the Brazil spot market continued to have a negative impact on sentiment, with rates falling in all areas. There were operators still shipping from Brazil, with the rate from Tubarao to China hovering around the mid …
Dry Bulk Market: Capesizes Still Under Pressure, While Smaller Classes Improve Read More »
In recent weeks, Australian coal cargoes have been facing increasing delays clearing customs at Chinese ports. Most recently, it was reported that Dalian Port, in North China, has banned Australian coal from being received. This Insight aims to explain…
China Discourages Australian Coal Imports Read More »
A number of bearish factors have been building up in the dry bulk market, as a result of the latest developments in the dry bulk commodities’ spectrum. Starting with iron ore, shipbroker Banchero Costa noted in its latest weekly report, that “fol…