“During the first two months of 2025, bulker newbuilding contracting dropped 92% y/y to the lowest level in at least 30 years. While contracting in January was low, no new ships were ordered in February. Weak freight rates, high newbuilding prices, lon…
Bulker newbuilding contracting plunges 92% to lowest level in decades Read More »
The second week of March confirmed signs of a firming sentiment in Capesize Brazil-to-North China rates, with the vessel count of ballasters continuing to hover at lower volumes compared to the peak levels observed in February. This recent rebound appe…
Dry Weekly Market Monitor: Iron Ore Flows to China Read More »
Capesize The Capesize market started the week strong, carrying last week’s momentum forward. Rates in the Pacific surged past $10.00 on C5, creating a notable premium over C3 in the Atlantic. However, despite all three major miners being active in the …
Dry Bulk Market’s Recovery Underway Read More »
The trade war which has been sparked by the new US administration is set to have an impact in dry bulk trade flows. In its latest weekly report, shipbroker Banchero Costa commented that “the new government of the USA appears serious in its intention to…
Dry Bulk Shipping: The Aftermath of the New US Trade Policies Read More »
Geopolitican uncertainty has further compounded the overall subdued activity in the ship recycling market. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that “this week, the ship recycling market remai…
Ship Recycling Hit by Geopolitical Unrest Read More »