Orders for newbuilding bulkers are still among the main choice by ship owners. In its latest weekly report, shipbroker Banchero Costa said that “interesting activity reported in the dry bulk newbuilding market: Singapore based Owner Winning Internation…
Newbuilding Bulker Orders Picking Up the Pace Read More »
Even though the steel making process tries to move away from the blast furnace-based route (that depends on iron ore) to the route based on electric arc furnaces that rely heavily on ferrous scrap, the unavailability of ample recycled metal will furthe…
Capesize This week finished on a positive note with the Capesize 5TC increasing by $942, finishing the week at $27,388. The rate for C8 transatlantic round voyage, significantly increased by over $3,000 on Wednesday, reaching $29,464, driven by a swap …
Dry Bulk Market: Capesizes End Week on a High Note Read More »
A combination of strong demand and low tonnage supply has triggered a dry bulk market upside during the first half of 2024. In its latest weekly report, shipbroker Banchero Costa said that “2023 was a very positive year for the global dry bulk trade. I…
Dry Bulk Demand Pushed the Market Higher During the First Half of 2024 Read More »
This week’s chart illustrates the increase in the monthly volume of Brazilian iron ore during the second quarter of this year (left chart), alongside the growth in Capesize tonne days from Brazil to China since the end of May. While this growth i…
Iron Ore Flows & Capesize Tonne Days Read More »