Throughout May, we observed Suezmax freight rates make considerable gains compared to the previous month with TD6 trading up about 16% month-on-month. Gains along this trade as well as others can be attributed to 63.4% utilization in May versus 62.1% t…
Suezmaxes Find Utilization Support Read More »
Capesize The Atlantic market improved this week, with increased activity from Brazil for July shipments plus a few June cargoes fuelling rate rises, with close to $20.00 rumoured paid. Vale took a few July ships from Tubarao to Qingdao early in the wee…
Dry Bulk Market: Capesize Index Shows Further Improvement Read More »
Capesize Despite the major Posidonia event in Greece, rates for the big ships took off this week, with the stars seeming to be working in conjunction, with both the Pacific and Atlantic markets active. However, the dampener came as the week closed out …
Dry Bulk Market: Capesize Index Takes Off Read More »
Shipping is a capital-intensive industry, which is heavily dependent on debt financing. LIBOR (the primary benchmark for short-term interest rates globally) has started to increase at a faster pace over the past five months compared to prior increases …
Capesize A turnaround in fortunes for the big ships as the week ended, with rates recovering generally, although the North Atlantic remained slow. Even with increased Brazil activity and rates up, the momentum needed to be maintained to sustain recent …
Dry Bulk Market: Capesize Market on Recovery Mode Once Again Read More »