Dry Bulk Market

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…

Brisk growth in China’s enormous seaborne trade has resumed over the past couple of years, following an earlier sharp slowing of the upwards trend. Potential for further expansion ahead is still visible, but it is not easy to foresee precisely how some…

The Baltic Exchange will be introducing a modernised code of conduct for shipowners, charterers and shipbrokers using the physical shipping and freight derivatives markets. Following a detailed review of the current arrangements led by law firm Norton …

Capesize This week has seen the Cape 5 timecharter weighted average almost double. Similarly, the Brazil to China ore rates climbed over $4.50, from mid-$13.00s, to somewhere in the $18.00s. Despite all this activity, the West Australia ore rates have …

Following the historically challenged market seen in 2016, earnings in the bulkcarrier sector improved substantially in 2017, with more positive demand side trends across a number of dry bulk commodities seeing the erosion of some excess capacity. Tren…