The Chinese government’s objective of suppressing coal and lignite imports in November and December 2018 is adversely impacting demand for Panamaxes and thus rates. Nonetheless, we believe imports will be supported by winter and high-energy demand in t…
China’s import restrictions on coal spoils the party for Panamaxes Read More »
With China as a destination market for US soybeans having been eradicated these past few months (and just this week reappearing in the foray with one small shipment), US farmers have been looking for alternative markets. In a recent report, shipbroker …
Capesize A positive end to last week after a somewhat uncertain start as some gains made were eroded. Rates recovered later for West Australia/China, nudging the high $8.00s with rumours of $9.00 for prompt positions. In addition, there was finally act…
Dry Bulk Market Roundup: Capesizes Recover Lost Ground Read More »
Capesize Last week was less eventful than the previous week. After a negative start on Monday the market witnessed a steady rise, with the Pacific far more active than the Atlantic. Rates rose from mid $7.00s from West Australia to China to finish the …
Dry Bulk Market: Capesize Market Looking For New Momentum Read More »
It’s been a turbulent few months in the dry bulk market and things are bound to continue this way. In a recent report, shipbroker Banchero Costa said that “in the wake of trade war uncertainties and China’s subsequent imposition of a 25 percent tariff …
Dry Bulk Market: The Trade of US Coal Shipments to China Read More »