While the freight rate market for dry bulk carriers has failed to rebound over the course of the past three weeks, demand for second hand bulkers and, more specifically, those built between 2008 and 2011 has kept up its momentum. In its latest weekly r…
Dry Bulk Market: Ship Owners Turn to ‘08-’11 Tonnage Read More »
Despite a correction in the dry bulk market, ship owners are still quite keen on modern dry bulk tonnage. In its latest weekly report, shipbroker Banchero Costa said that “starting from dry bulk two Capesize chaged hands, the Aristofanis I, 177,000 dwt…
Demand for Dry Bulk Tonnage Still Strong Read More »
Indonesia’s ban on exports of unprocessed ores and minerals will result in reduced nickel ore trade, hurting the demand for small bulkers. However, with bauxite trade shifting to Guinea-China from Indonesia-China, large bulk carriers will gain employme…
Capesize The market trended down over this past week, breaking the market out of its upward trending range. While the market traded sideways at the beginning of this past week, it was unable to build any upward momentum and broke to the downside midwee…
Dry Bulk Market: Capesize Market Still on Correction Mode Read More »
The dry bulk market has entered into correction mode over the past 12 days, as demand has retreated. So, which is the future direction? In its latest weekly report, shipbroker Allied Shipbroking said that “under typical circumstances and on the basis o…
Dry Bulk Market: A Fall Was In Order, but Where is The Balance Read More »