Capesize It was an active start to the New Year, with trading from West Australia maintaining momentum during the holiday period. Rates for China hovered around the mid $6.00s, a few cents off the highs seen during the seasonal break. Increased trading…
Capesize Market Starts New Year With Brisk Activity Read More »
The dry bulk market for large ships, i.e. Capesizes, is gearing up for further recovery in 2019, as demand is at healthy levels and net fleet growth remains subdued, despite a slower demolition rate in 2018. In a recent report, shipbroker Banchero Cost…
Dry Bulk Market: Capesizes Primed for Further Gains in 2019 Read More »
The future prospects of the Handy/Supramax bulker segment appear to be more than favorable as we enter into 2019, perhaps even more than their larger “siblings” of the dry bulk market segment. This despite the fact that demolitions have slowed down ove…
2019 Prospects are Rosy for the Handy-Supramax Bulker Segment Read More »
A severe reduction of Chinese steel prices could lead to diminished demand for long-haul charters of iron ore, which in effect could trigger losses in the Capesize dry bulk market. In a recent report, shipbroker Banchero Costa noted that “Chinese…
Dry Bulk Market: Long-Haul Cargoes of Iron Ore Could Dwindle Read More »
Capesize Panic set in in the East as the holiday season approaches, with owners chasing rates lower. Rates on the key West Australia/China route collapsed with business concluded at under $6.00 having touched $9.00 just a week before. Some owners were …
Dry Bulk Market: Capesize Market on Backfoot as 2018’s End Draws Near Read More »