Newbuilding orders have picked up last week, while S&P activity also remained brisk, on the back of increased demand for dry bulkers. In its latest weekly report, shipbroker Banchero Costa said that “Singapore based Pioneer Bulk, after his debut on…
Newbuilding Activity Picks Up Read More »
The first quarter of the year ended with a downward revision to the growth in tonne-days for iron ore flows from Brazil to the Far East, while there was a change to an upward revision from Africa. In the second week of April, we observed a decline in t…
Dry Bulk Iron Ore Flows to the Far East Read More »
The dry bulk fleet has aged as a result of minimal scrapping activity of late. In its latest weekly report, shipbroker Xclusiv said that “during Q1 2024, a total of 1.77 million DWT of bulk carriers and tankers were demolished. This is increased compar…
Bulker Fleet Ageing As Demolition Activity Slows Down Read More »
Capesize The Capes started the week off slowly but gradually gained momentum. Despite decent cargo volumes, particularly in the Pacific, the C5 index experienced a 50-cent drop, settling at $9.640 as the week got under way. There was pressure in the So…
Dry Bulk Market: Capesize Market Ends the Week in Negative Territory Read More »
Seaborne coal exports from Indonesia were a driving force during 2023, with a 10.2% increase compared to 2022. In a recent weekly report, shipbroker Banchero Costa said that “global coal trade has really picked up pace in recent months, and is now full…
Dry Bulk Market: Indonesian Coal Exports A Driving Force During 2023 Read More »