Capesize The Capesize market woes related to Coronavirus have now spread through the wider global markets like wildfire. The wider supply and demand and operational ramifications now seem painfully clear. With Capes already trolling the bottom of the m…
Dry Bulk Market: Capesizes In Dire Straits For Yet Another Week Read More »
Brazilian iron ore exports had a slow start in January with exports totalling 26.7 million (m) tonnes, a 19% decline year-on-year. Two thirds of total exports, 18m tonnes, went to China. The coronavirus has had parts of China quarantined throughout muc…
Brazilian iron ore exports drop 19% – a slow start to the year Read More »
The start of the new year has, as is often the case for dry bulk shipping, been marked by falling freight rates. The seasonal slump, typical in January after a strong Q4, has been exacerbated by the additional cost of fuel resulting from the IMO 2020 s…
Capesize The Capesize market found little to cheer about this week as it again endured remarkable lows. The Atlantic continued to improve, with the Transatlantic C8 now pricing at $2,655. Cargo remains limited for owners, while a healthy ballaster list…
Dry Bulk Market on the Mend After Weeks of Retreat Read More »
The outbreak of the novel coronavirus, recently dubbed COVID-19, continues to generate massive economic and financial uncertainty when it comes to China and global shipping. Two weeks ago, we argued that – from an economic perspective – when Chin…
Global shipping holds its breath as the coronavirus continues to spread Read More »