Capesize The Capesize sector saw a surge, especially in the Atlantic since midweek. More cargo from West Africa came to the market and subsequently pushed the Brazil to Qingdao run to a higher level. However, fixtures were lacking as very limited promp…
Dry Bulk Market: Capesizes Surge Forward Read More »
Capesize values have continued to soften. Values for ten year old vessels of 180,000 DWT are down by c.13% since the start of the year, from USD 33.07 mil to USD 28.82 mil. The continued fall in values comes as Bulker earnings remain under pressure, an…
Capesize values continue to soften Read More »
With China’s economy slowdown and the COVID-related measures in flux, shipping and more importantly the dry bulk segment is under pressure. In its latest weekly report, shipbroker Allied Shipbroking said that “as China announced last week a series of w…
“If China Sneezes, Shipping Will Catch a Cold”: A Saying More Timely Than Ever Read More »
Despite floods in November, the Australian wheat production estimate for the 2022/23 marketing year (July 2022 to June 2023) has been increased by the United States Department of Agriculture (USDA). Australian wheat exports could rise 9.8% this marketi…
Australia on track for new harvest record and 9.8% jump in wheat exports Read More »
Demand for seaborne coal cargoes could take a hit during 2023, exerting pressure on the dry bulk market as a whole. In its latest weekly report, shipbroker Intermodal said that “China’s coal imports from January to October were 230.1m mt, a decrease of…
2023 Seaborne Coal Imports Could Add Pressure on the Dry Bulk Market Read More »