Canadian iron ore exports to China and the EU have been rising. 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…
Canadian Iron Ore Exports on the Rise Read More »
Larger ship sizes are still quite popular among Greek owners, based on the deals reported over the past week. In its latest weekly report, shipbroker Xclusiv said that in the dry bulk market, “large sizes remain popular among Greek shipowners. On the N…
Big Ships Popular Among Greek Ship Owners Read More »
Drewry’s analysis of the dry bulk market indicates that investing in second-hand Capesize vessels at current heated values is unlikely to generate enough returns to justify the associated risks and cost of capital, based on the long-term charter rate p…
Soaring asset prices in Capesize second-hand market make investments unattractive Read More »
This week’s chart (on the right) illustrates the relationship between the number of ballast vessels on the Capesize C3 route and the evolution of C3 $/mt freight rates (Brazil – NChina). We observe a gradual decline in the number of ballast…
Dry Bulk Market: Supply Dynamics Capesize C3 & C5 routes Read More »
The war in Ukraine has triggered a dramatic shift in the geopolitical landscape for Russia, a major supplier of various commodities. Western sanctions targeting Russia’s economy aim to cripple its access to crucial markets and hinder its war effo…
Reshape of the global commodity markets Read More »