Dry Bulk Market

Capesize The capesize market started the week on a sluggish note with the PPA conference in Perth creating a quieter atmosphere, leading to reduced trading volumes in the Pacific and a softening of rates. Despite some stabilisation in conditions midwee…

As November starts, there is uncertainty about how dry bulk freight rates will perform in the future. Optimism in earlier days has faded due to recent weekly declines, and the market’s strength in the final quarter of the year is now in question….

Between January and October, dry bulk exports out of the Black Sea increased by 13% y/y, driven by Russian wheat exports. After two strong consecutive wheat harvests in Russia, the country’s exports are now on track to reach a new record in 2023. Howev…

Capesize The week in the capesize market concluded with a continued trend of declining rates. In the Pacific region, despite the addition of a second major player later in the week, trading remained lacklustre. Rates for C5 fell by a total of $2.20 thr…