The third week of October witnessed robust Capesize Brazil to China freight rates, as indicated in the chart above. Furthermore, the demand in tonne days exhibited a noteworthy surge in recent days. Nevertheless, the recent uptick in the number of ball…
Capesizes Closing at $27,591 the Capesize TC average maintained similar levels week-on-week, however large gains were seen on Monday when the spot rate climbed close to $29,000, but neither Atlantic nor Pacific basin was lending much of the support by …
Dry Bulk Market: Capesizes Keep Going Strong Read More »
The dry bulk market has grown over the past weeks, as a combination of factors have offered support to the freight rate market. In its latest weekly report, shipbroker Xclusiv said that “the dry market definitely strikes back with BDI at 1,944 points, …
Dry Bulk Market on the Rise Read More »
Dry bulkers have been the “weapon of choice” for ship owners, when it comes to newbuilding orders. In its latest weekly report, shipbroker Allied said that it was “a busier week than the last for reported contracting activity and yet another where addi…
Ship Owners are Stockpiling Bulker Newbuildings Read More »
The second week of October brought both promising and concerning developments in the shipping industry. In the Capesize Brazil to North China route, freight rates continued to exhibit strength, reaffirming their resilience in the face of various market…