While trade tensions have brought a lull in the shipping markets, at least in terms of sentiment and optimism moving forward, newbuilding ordering appetite seems to be picking up steam again. In its latest weekly report, Allied Shipbroking said that “f…
Newbuilding Orders for Bulkers Pick Up Read More »
Sevenseas Investment Fund of Luxemburg announced that it is entering into a Placement Agreement with Banque Heritage S.A. (the “Bank”) for the placement of the Fund’s Units. Sevenseas is sponsored by Diamantis Pateras Maritime Limited and Nautilus Ener…
Capesize It was a week of two halves, with very slow trading initially spooking some owners/operators resulting in easier numbers across most areas. In the East, the miners were absent earlier and rates on the West Australia/China run slipped to the lo…
Dry Bulk Market: A Week of Two Halves for Capesizes Read More »
For a long time, dry bulk ship owners were looking ahead to 2017-2018 as the years during which they could enjoy the benefits of the market’s rebalancing and see freight rates recover above break-even point, for a first time in years. However, fe…
Will the trade war derail the dry bulk market’s recovery? It certainly can Read More »
Throughout May, we observed Suezmax freight rates make considerable gains compared to the previous month with TD6 trading up about 16% month-on-month. Gains along this trade as well as others can be attributed to 63.4% utilization in May versus 62.1% t…
Suezmaxes Find Utilization Support Read More »