Capesize The Capesize market over the past week looked to have found a floor on Tuesday with the BCI 5TC at $3460 before firming into the rest of the week, ending at $4881. Iron ore cargo trades from West Australia to China dominated early week busines…
Dry Bulk Rates Still Low, But Things Are Improving Read More »
With the first quarter of 2019 already in the past, most dry bulk ship owners will be looking to forget it as soon as possible. Dry bulk rates have plunged as a result of a lack of cargoes, on the back of physical and other disasters, ranging from cycl…
Exports to China rose in January, reaching 1.4 million tonnes, up from only 69,079 tonnes in December and accounting for 30.7% of total US soya bean exports in January. This is the highest monthly exports to China since March 2018 which marked the star…
Chinese Purchases Of US Soya Beans Bounce Back In January Read More »
Capesize The Capesize market endured another week of frustrating troughs as rates languished at near historical lows. Monday’s Baltic Capesize Index (BCI) route 5TC posted an index down -145 to settle at $4,035 and by Friday finished at $3,796. The beg…
Dry Bulk Market: Frustration Abound for Capesizes Read More »
It is difficult to successfully argue that contractual performance has been prevented or delayed by force majeure. This is in part because English courts or arbitration tribunals will interpret these clauses strictly and narrowly against the party seek…
Force majeure success not a sea change Read More »