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 »
The second week of February began with a rebound in the Baltic Capesize Index, surpassing the 2,000 points mark, one of the highest points seen in the last two weeks. Meanwhile, smaller vessel size categories continued to trend downward. It remains to …
Capesize Throughout the week, the capesize market experienced a mix of subdued and positive conditions across different regions. The Pacific started with a marginal decline in rates on C5 due to a lack of coal enquiry and port closures in North China c…
Dry Bulk Market: A Mixed Bag For Capesizes This Past Week Read More »
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 …