In its latest weekly report, shipbroker Xclusiv said that “as we approach the end of 2024, we observe that dry bulk prices have increased significantly this year, reaching their year-to-date highs during Q3 2024. More specifically, within early Q3 2024…
Dry Bulk Shipping: Second Hand Prices Reach Year-to-date Highs Read More »
The share of Chinese coal imports being transported by sea have fallen sharply in the last two years, down from 93% of the total between 2015-2022 to 76% in 2023-2024 according to a new report by commodity market intelligence provider Oceanbolt, a Veso…
China eyes alternatives as seaborne coal imports lose market share Read More »
Capesize The Capesize market experienced a challenging week, marked by a gradual softening across both basins. Monday began quietly, with rates in the Pacific and from South Brazil and West Africa to China sliding amidst limited fresh cargo and standof…
Dry Bulk Market: Challenging Week for Capesizes Read More »
A new record has been set by China in terms of coal imports during the Jan. – Oct. period of 2024. In its latest weekly report, shipbroker Banchero Costa said that “global coal trade has really picked up pace over the past year, and is now fully back t…
Dry Bulk Shipping: China’s Coal Imports Hit Record During 2024 Read More »
“The Baltic Dry Index (BDI) has recovered since the start of November due to stronger capesize freight rates, but the index is still down 10% y/y. The capesize market has benefited from a 1% increase in shipments so far in November compared to October …
BDI still down 10% despite recovery in capesize demand Read More »