Capesize The Capesize market faced a challenging week, with the BCI 5TC steadily declining, shedding $3,909 across the week to close at $12,727, reflecting subdued sentiment and oversupply of tonnage in both basins. While the Pacific saw intermittent i…
Dry Bulk Market: Capesize Market Faced a Difficult Week Read More »
EU iron ore imports have risen so far in 2024. In its latest weekly report, shipbroker Banchero Costa said that “2023 was a very positive year for global iron ore trade. In Jan-Dec 2023, global loadings of iron ore increased by +5.1% y-o-y to 1,631.9 m…
EU Iron Ore Imports on the Rise in 2024 Read More »
There was a number of second hand deals in the S&P market last week, particularly in the dry bulk market. In its latest weekly report, shipbroker Xclusiv said that it was “another active week on the dry S&P market, with significant activity obs…
Dry Bulkers in High Demand Read More »
Growth in the world merchant ship fleet has been remarkably steady in the past few years. But the expansion pace is picking up and looks set to accelerate modestly in 2025. Among different vessel types fleet growth is varying much more widely, and this…
Diverging growth in the cargo ship fleet Read More »
Capesize The Capesize market experienced a turbulent week, marked by a mix of sporadic positivity and mounting downward pressure. The BCI 5TC started the week at $21,673, gained ground midweek, peaking at $23,049 on Tuesday, but plunged to $17,686 by F…
Dry Bulk Market: Capesize Market Faces Headwinds Read More »