The dry bulk market could remain in higher ground for longer, despite the recent rate correction. In its latest weekly report, shipbroker Intermodal said that “over recent weeks, there has been a significant increase in earnings for dry bulk cargo tran…
Dry Bulk Rates Could Remain Higher for Longer Read More »
Capesize The Capesize market faced a challenging week characterised by significant fluctuations. The week began positively with a robust increase in the BCI 5TC, reaching $54,584, driven by active engagement in the Pacific. However, profit-taking in th…
Capesizes Under Pressure Last Week, After Recent Rally Read More »
India has confirmed its position as the second largest importer of coal, during 2023. In its latest weekly report, shipbroker Banchero Costa said that “global coal trade has really picked up pace in recent months, and is now fully back to pre-Covid lev…
India’s Share of Seaborne Coal Imports Reaches 17.9% During 2023 Read More »
In the first week of December, both the Capesize and Panamax freight markets experienced a remarkable upswing, reaching their highest levels of the past year. The larger vessel categories experienced an unexpected turnaround in sentiment and recorded a…
More dry bulk carriers have been on the shipowners’ radar over the past week. In its latest weekly report, shipbroker Allied said that “on the dry side, we can report an order from Akmar for an Ultramax vessel with DACKS, bringing its total at the yard…
Newbuildings: More Orders for Dry Bulk Carriers Read More »