Capesize The week started on a subdued note as Asia observed Lunar New Year holidays, all three major mining companies active in the Pacific, contributing to an upbeat sentiment despite minimal activity elsewhere. Conditions were notably calm from Sout…
Dry Bulk Market on the Rise Read More »
There are a lot of questions currently surrounding the potential growth of the Chinese economy and what a slowdown would mean for the dry bulk industry. In its latest weekly report, shipbroker Xclusiv Shipbrokers said that “China’s recent robust …
Dry Bulk Market: Are China’s Commodities Imports Sustainable? Read More »
In the third week of February, Capesize Brazil to North China rates experienced an upturn, surpassing the $20 per ton mark. However, with the Chinese Lunar New Year already celebrated, the sentiment regarding freight rates remains uncertain, leaving ob…
Capesize The capesize market started the week with a cautiously optimistic tone despite sluggish overall activity. Weather disruptions in China and a gradual start in the Atlantic were notable factors. By midweek there was a significant boost to market…
Dry Bulk Market: Capesize Market Slowing Down as China’s Lunar New Year Holiday Underway Read More »
The rise in dry bulk freight rates during January was far from normal. The current slowdown though, is typical for this time of year. In its latest weekly report, shipbroker Allied Shipbroking said that “the dry bulk market has begun 2024 on a strong f…
Dry Bulk Market Weakening is a Seasonal Normal After Recent Rally Read More »