Shipowners looking to invest in the SnP market for dry bulk carriers have started to consistently offer lower than asking values for ships that may interest them, in a sign that asset prices could be set for a correction in the coming weeks, shipbroker…
As the dry bulk market has found a renewed sense of optimism since the second haf of 2016, the fourth quarter has proven to be a catapult for the industry’s further rebound. However, things aren’t that straightforward this time around. In i…
Dry Bulk Market’s Fourth Quarter Rebound Not That Easy to Occur in 2018 Read More »
The ongoing weakness in Turkish economy and corresponding depreciation in Lira is making the country’s imports expensive. From the beginning of the second quarter, the Lira has depreciated by more than 50% against the US dollar and in addition, Turkey …
Capesize A mixed week for the big ships with unfulfilled expectations. Rates on the West Australia/China route failed to hold and dropped to $7.20 for 7-9 October, with timecharter rates shy of the mid $15,000s, and this despite all the miners in the m…
Dry Bulk Market: Capesize Market Had a Mixed Week Read More »
Dry bulk freight rates could be even higher than they now, as a result of increasing trade tensions and political instability around the world. In a recent weekly note, shipbroker Intermodal said that “a recovery in the shipping market since last year …
Macroeconomic and Political Tensions Preventing Shipping’s Further Rebound Read More »