The dry bulk market benefited from an increase in Chinese iron ore imports, most notably an increase in ton-mile demand. In its latest weekly report, shipbroker Banchero Costa said that “2023 was a very positive year for global iron ore trade. In Jan-D…
China Iron Ore Imports Lift Global Iron Ore Trade in 2023 Read More »
In the last week of January, the dry freight market sustained weakness in the Capesize segment, while the number of ballasters in the Southeast (SE) continued to grow amid declining demand. As depicted in the accompanying image, the growth outlook for …
“China’s property market is estimated to account for approximately 35% of the country’s steel demand. It is an important driver for economic growth and raw materials like iron ore, coking coal, wood, and cement. Overall, the Chinese economy is a signif…
Dry bulk watches Evergrande liquidation after 16.5% drop in real estate investment Read More »
Capesize The capesize market witnessed a mixed and evolving week with notable fluctuations in different regions. The Pacific market started with limited activity and weather disruptions in North China, causing a decline in C5 rates. Projections of addi…
Dry Bulk Market: Capesize Market Marks Positive Shift in Momentum Read More »
The dry freight market in the third week of January continued to exhibit a persistent weakening trend in the Capesize segment. Concurrently, there was a notable surge in the number of ballasters in the Southeast Africa region as we approach the month&#…