Capesize The Capesize market experienced a mixed week, beginning with positive sentiment but gradually facing increasing pressure. It was a slow start, although optimism remained as the BCI 5TC rose by $400 to $28,232, driven by limited but stronger Pa…
Dry Bulk Market: Mixed Week for Capesizes Read More »
Drewry projects a 3.3% YoY gain in Capesize shipping demand in 2024 due to the shift in Colombia’s coal exports to the Far East. Freight rates on the Colombia-ARA route will be dampened as Europe, Colombia’s erstwhile major trade partner, is reducing i…
Asia’s appetite for Colombian coal pushing up Capesize demand Read More »
In what appears to be a structural market swift, Ultramax dry bulk carriers appear to have an edge over their Kasmarmax counterparts. In its latest weekly report, shipbroker Intermodal said that “the past week closed with the Kamsarmax sector once agai…
Ultramaxes Edging Out Kamsarmaxes Read More »
The decreasing trend in the number of Capesize ballasters in the South Atlantic reinforces the recent signs of a rebound in C3 market rates, as noted in our previous weekly insights. However, on the P6 route, the decline in ballaster numbers has not be…
Capesize & Panamax Ballasters View Vs Baltic Rates Read More »
“Between January and August 2024, Chinese seaborne dry bulk imports rose 6% y/y, defying concerns over China’s domestic demand, its real estate crisis and producer price deflation. A combination of inventory build-up and commodity specific developments…
Chinese seaborne dry bulk imports up 6% despite economic challenges Read More »