During the fourth week of November, larger ship categories maintained their stability from preceding days. Notably, the Panamax vessel size exhibited noteworthy gains. Meanwhile, the uncertainty surrounding a stronger momentum for the Capesize segment …
The dry bulk market has benefited from a resurgence in seaborne coal demand lately, with Indonesia in particular, emerging as a major exporter. In its latest weekly report, shipbroker Xclusiv said that “despite global efforts to transition several majo…
Coal’s Resurgence Going Strong, Boosting Demand for Bulkers Read More »
In the third week of November, the larger ship categories recorded greater stability in freight rates, which indicates a more solid development. In contrast, a downward trend was observed in the smaller ship sizes, particularly in the Handysize categor…
Higher monthly volumes of congestion at major Brazilian ports and days waiting Read More »
Capesize The week began with an encouraging start in the Pacific market, marked by positive sentiment and a notable increase in volume with several tenders and operator-controlled cargoes, leading to a market increase of approximately 90 cents on C5. I…
Dry Bulk Market: Positive Momentum in All Classes Read More »
The tightening transit restrictions through the Panama Canal are predominantly impacting the southbound trade in the region, nudging a shift in trade routes for the USG-China trade. Drewry estimates a rise of 5-6% in freight rates due to the diversion …
Dry bulk market braces for tightening Panama transit restrictions Read More »