A severe reduction of Chinese steel prices could lead to diminished demand for long-haul charters of iron ore, which in effect could trigger losses in the Capesize dry bulk market. In a recent report, shipbroker Banchero Costa noted that “Chinese…
Dry Bulk Market: Long-Haul Cargoes of Iron Ore Could Dwindle Read More »
Capesize Panic set in in the East as the holiday season approaches, with owners chasing rates lower. Rates on the key West Australia/China route collapsed with business concluded at under $6.00 having touched $9.00 just a week before. Some owners were …
Dry Bulk Market: Capesize Market on Backfoot as 2018’s End Draws Near Read More »
In its latest weekly report, shipbroker Banchero Costa said that “Russian wheat exports have benefited this year from a record crop output, and relatively cheap supplies have helped them to snag a larger share of the global market. The USDA estimates R…
The Russian Wheat Export Trade and Dry Bulk Market Read More »
The balance between demand and supply appears to be in favor of ship owners, active in the dry bulk market, as we head towards 2019. In its latest weekly report, shipbroker Allied Shipbroking said that “since the beginning of 2016, when the dry bulk ma…
Dry Bulk Market’s Fundamentals Looking Good for 2019 Read More »
2018 has been a slow year for dry bulk demolitions, with only 4.2 million DWT scrapped (as of 17 December), down 71.6% compared to last year. An almost total halt in Panamax demolitions has been an important factor behind this fall, with demolition in …
Only two Panamax bulkers demolished in 2018 Read More »