We expect the supply/demand balance to strengthen in 2024 and weaken in 2025. Supply is estimated to grow by 2-3% in 2024 and 1.5-2.5% in 2025, while demand is projected to grow by 2.5-3.5% in 2024 and stagnate in 2025. Overall, conditions in the dry b…
BIMCO: Dry Bulk Shipping Fundamentals Seen Improving Moving Forward Read More »
According to the Capesize C3 South Atlantic overview provided in the image below, during the third week of April, there was a notable 4% decrease in ballast vessels bound for the South Atlantic, coupled with a significant surge of 72 vessels waiting to…
Dry Bulk Market: Capesize C3 Route South Atlantic Overview Supply Read More »
“In the first quarter of 2024, global iron ore shipments rose 3.8% y/y on expectation of strong Chinese steel production which, however, failed to materialise. Iron ore supply has grown faster than Chinese demand which could lead to weaker shipments ah…
Iron ore shipments up 3.8% despite weak Chinese demand Read More »
Capesize The Capesize market witnessed an eventful and generally positive week. Early in the week, a subdued start led to cautious attitudes among market participants, with slight declines in the BCI 5TC and C3 index. However, a notable turnaround occu…
Dry Bulk Market: Positive Week for Capesizes Read More »
Canada has emerged as one of the exporters with the biggest increase in seaborne coal exports during 2023, with the upwards trend maintaining momentum in 2024 as well. In its latest weekly report, shipbroker Banchero Costa said that “global coal trade …
Canadian Coal Exports on the Rise in 2024 Read More »