China’s seaborne coal imports have grown by 97.3% during the first five months of 2023, marking a significant shift in cargo flows and demand for dry bulk carriers. In its latest weekly report, shipbroker Intermodal said that “anticipation are high tha…
Dry Bulk Market: China’s Coal Imports A Major Factor in the Market Read More »
Capesize Throughout the week, the Capesize market experienced mixed dynamics. Monday began with a relatively active start as the major players fixed cargoes from West Australia to China, alongside tender and operator cargoes. However, rates softened sl…
Dry Bulk Market: Capesize Market in Mixed Mode Read More »
In recent years the world fleet of bulk carriers has become noticeably older, with the average age increasing by about a third, amid very low scrapping. This ‘maturing’ vessel longevity trend may continue in the near future, although further ahead tigh…
An ageing bulk carrier fleet Read More »
Capesize It has been a relatively quiet week, with a mild degree of adjustments from both basins. The average of the 5 Capesize timecharter routes eventually broke the $4,000 threshold on the last day of the week, pricing at $4,033, which is about a 15…
Dry Bulk Market: Capesizes Stage a 15% Rebound Read More »
India has been increasingly looking to Russia, to cover its energy and raw materials needs, with coal being no exception. In its latest weekly report, shipbroker Banchero Costa said that “after a slow start in the first quarter, global coal trade has r…
India’s Coal Imports From Russia Pick up Pace Read More »