Dry bulk carriers and more specifically kamsarmaxed continue to be leading the way, in terms of newbuilding activity over the course of the past few days. In its latest weekly report, shipbroker Allied Shipbroking said that “Kamsarmax contracting has l…
Kamsarmaxes Lead the Way of Newbuilding Activity Read More »
At the start of October, the capesize order book was at 20 million DWT, a mere 5% of the capesize fleet. The contracting of newbuild capesize ships has gradually decreased since its peak in 2013 and only 5 million DWT were contracted so far in 2023, do…
Capesize order book slips to 5% of fleet as contracting falls Read More »
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 »