Capesize The Capesize timecharter average (5TC) lost more than 50% of its value since the middle of last week. The spot rates in both basins continued their descent throughout the week after the lunar New Year holidays. The 5TC closed the week at $4,43…
Dry Bulk Market: Capesizes Down More Than 50% in the Space of 10 Days Read More »
Investors in middle aged dry bulk tonnage may be cheered by the impact of sustained higher recycled steel values, according to research commissioned by the Baltic Exchange. Analysis of the dry bulk carrier values undertaken by consultancy Zuoz Industri…
Shipping investment: Will higher steel values mean dry bulk carriers hold their value? Read More »
The dry bulk market has faced increasing headwinds in these early weeks of 2023. In its latest weekly report, shipbroker Intermodal said that “during the last weeks, the BDI has lost significant ground and has reached levels last seen at the summer of …
Dry Bulk Market Under Pressure in Early 2023 Read More »
Despite hopes that a quick economic recovery in China would boost iron ore demand, 2023 has so far been a disappointment for the dry bulk shipping sector. During the first three weeks of the year, iron ore shipments fell 13.1% y/y, the lowest volume si…
Baltic dry index slides as iron ore shipments kick off 2023 with 13.1% drop Read More »
Investors in middle aged dry bulk tonnage may be cheered by the impact of sustained higher recycled steel values, according to research commissioned by the Baltic Exchange. Analysis of the dry bulk carrier values undertaken by consultancy Zuoz Industri…
Shipping investment: Will higher steel values mean dry bulk carriers hold their value? Read More »