Capesize The Capesize market had little cheer this week as rates subsided throughout the week, albeit on the back of reasonable fixing activity. The Capesize 5TC now stands at $9,305 – a decrease of 3502 week on week. The Atlantic region, particu…
Dry Bulk Market: Capesizes Face Further Pressure Read More »
The demise of the Chinese real estate market has caused a ripple effect in the dry bulk shipping market. In its latest weekly report, shipbroker Allied Shipbroking said that “the dry bulk shipping market has been on an overall downward trajectory since…
China’s Real Estate Slump is Hitting the Dry Bulk Shipping Market Read More »
Contracting of bulk carriers spiked in 2021 and reached 48.4 million DWT, driven by a positive congestion driven cycle which brought an opportunity for investment. However, in the first ten months of 2022 only 11.7 million DWT were contracted as concer…
Bulk carrier deliveries could hit 19-year low in 2024, boosting contracting Read More »
Capesize Activity in the Capesize market had the 5TC pushing in value over a few days in midweek. However, pessimism prevailed as the rates dropped down to close the week -895, settling at $12,807. Some chatter in the market expects an improvement in r…
Dry Bulk Market: Pessimism Still the Norm Read More »
The South African iron ore trade has had a mixed year so far. During the nine-month period of 2022, the third largest iron ore exporter has increased its shipments to China, while those towards the EU have been lowered. In its latest weekly report, shi…
South Africa Iron Ore Exports to the EU Retreat, While China Imports More So Far in 2022 Read More »