The dry bulk market is reeling under pressure in the aftermath of the coronavirus outbreak. With the most affected area in China, being predominantly a steel producing region, demand for iron ore has plunged. Additionally, freight rates have plunged as…
Dry Bulk Market: Unique Circumstances Plaguing Rates and Shipping Companies Read More »
The Baltic Exchange Capesize Index (BCI) dropped to -133 index points on 4 February 2020, turning negative for the first time ever on 31 January 2020. The composite BDI index (BDI), which has excluded the more stable handysize segment since March 2018,…
Capesize index plummets to -133, the first time ever in negative territory Read More »
The combination of a slump in freight rates, but also a general lack of activity due to the Coronavirus has limited ship owners’ appetite for deals in the market, most notably in the newbuilding segment, but also in the S&P market. In its latest we…
Ship Owners Looking for Deals only in the S&P Market Read More »
As the dry bulk market is facing strong headwinds, due to the adverse effect of the Coronovirus crisis in global trade, it’s worth taking a look back into 2019 and the markets which could offer some respite to China’s slowdown, like for instance, India…
Dry Bulk Market: India’s Coal Imports in 2019 Read More »
Capesize The week proved conspicuous for all the wrong reasons. This was the week when the Baltic Capesize Index (BCI) turned negative, closing at -20, whilst the average of the routes settled at $3,973. With the perennial Q1 weakness, Chinese New Year…
Dry Bulk Market: All-Time Record Lows for Capesizes Read More »