Capesize The Capesize market had a positive opening on Monday followed by consecutive declines on the timecharter routes. The Cape5TC fell over $2,000 this week, settling a tick above the $10,000 threshold on Friday. A few period fixtures were reported…
Dry Bulk Market: Capesizes Endure Significant Losses Read More »
Indonesia’s coal exports surged during 2022, with the EU and India receiving the lion’s share of these increases. In its latest weekly report, shipbroker Banchero Costa said that “after a slow start in the first quarter, global coal trade has really pi…
Indonesia Coal Finds Its Way to the EU and Indian Markets Read More »
Capesize values continued to soften over the course of December with the most dramatic fall seen in 15 year old Capes of 180,000 DWT, down by c.3.4% from USD 20.09 mil to USD 19.34 mil. Sentiment for the Capesize sector has been marred by concerns over…
Capesize values softened in December 2022 Read More »
China and India appear to be ramping up their import “engines”. China recently agreed to boost iron ore imports from Australia after a two-year hiatus due to the strained relations between the two countries. Similarly, India is expected to boost its co…
Early Year Dry Bulk Demand Could Favor an Increase in Freight Rates Read More »
Capesize The decline in the first week of the year appeared to be no surprise to the market due to the lackluster activity and seasonal headwinds since the holiday season. The average rate of the Capesize 5 timecharter (5TC) routes had its sharpest fal…
Dry Bulk Market: 2023 Starts With Sharp Declines Across the Board Read More »