Highlights: The Panamax index remains in bearish territory and is now looking to test the long-term range support. The RSI and Stochastic are signalling a trending environment and we will need to see price action make a new high for the technical to be…
Dry Bulk FFA: Panamax Index Still Bearish Read More »
Capesize A positive end to the week for the big ships with gains particularly in the East, on the key West Australia/China run and the majors and operators in the market. Rates nudged the high-$7.00s for mid-May dates, and with two of the major Austral…
Dry Bulk Market: Capesize Rates On a Roll Read More »
The Capesize index is technically bullish but has the potential to produce a bearish divergence on the 21 period RSI and the stochastic above USD 18,192. A close below USD 16,890 would create a lower signalling a corrective phase within a bullish trend…
Dry Bulk FFA: Capesize Bullish But With a Catch Read More »
The Capesize segment’s benckmark status in the dry bulk market has been magnified over the course of the past couple of weeks. In its latest weekly report, shipbroker Allied Shipbroking said that April was “a rather bizarre month for the Dry Bulk…
Volatility Hits The Dry Bulk Market As Capesizes Are Still the Benchmark Read More »
Capesize Rates eased in the East, as the week closed out with the momentum slowing. Levels on the key West Australia/China run dropped to $7.25, in what appeared to be pre-holiday jitters, after climbing in excess of the mid-$7.00s before stalling. The…
Capesize Market: Gap Between Charterers and Owners Remains Wide Read More »