When China entered the WTO back in late 2001, experts were expecting a huge boost in trade, with shipping the main beneficiary. Indeed, this scenario unfolded in the most spectacular manner, as the dry bulk market boomed for the next few years. Today, …
China: The Trade Juggernaut In a Crossroad as Shipping Industry Awaits Outcome Read More »
Capesize After the BCI timecharter average went over $26,000 mid-week, the highest level this year, the market then went into a correction. In Asia, the West Australia/China route peaked at $10.30 for an early position cargo from Port Hedland to Qingda…
Dry Bulk Market: Capesize Index Reached Year-High Prior to Correction Read More »
Those of you who have been trading the FFA market since its beginning will remember that grain routes were critical to the development of early liquidity and volumes. In the mid-1990s, the grain majors need a hedge for US Gulf-Japan HSS 52,000t – at th…
New grain routes: back to the future for FFAs Read More »
Capesize Charterers slowed the pace this week to try and check rates, and, to an extent, succeeded. In Asia levels on the key West Australia/China route at the start of the week hovered close to $9.00 and an eco-180,000dwt 2010-built vessel, open Dalia…
Dry Bulk Market: Capesize Index Slows Down Read More »
In what seems to be a very healthy development for the future potential of the dry bulk market, shipbroker Allied reported this week, that during the first half of 2018, the net fleet growth was significantly lower than even the respective period of 20…
Dry Bulk Market: Net Fleet Growth Keeps Falling in Boom Sign for Rates Read More »