India’s coal demand has the potential to become the new “China’s iron ore demand”, when it comes to generating more shipping demand for dry bulk carriers. Is that the case though and will such a scenario materialize? In its latest weekly report, shipbr…
Will India Become the New “China” for the Dry Bulk Market? Read More »
Capesize The Capesize market experienced a strong week with the timecharter average breaking over $30,000/day, the highest value in 17 months. However, the surge hit pause on Thursday and the 5TC slipped below the threshold to $29,493 on Friday. Strong…
Dry Bulk Market: Capesize Market is on a Roll Read More »
Dry bulk carriers and more specifically kamsarmaxed continue to be leading the way, in terms of newbuilding activity over the course of the past few days. In its latest weekly report, shipbroker Allied Shipbroking said that “Kamsarmax contracting has l…
Kamsarmaxes Lead the Way of Newbuilding Activity Read More »
At the start of October, the capesize order book was at 20 million DWT, a mere 5% of the capesize fleet. The contracting of newbuild capesize ships has gradually decreased since its peak in 2013 and only 5 million DWT were contracted so far in 2023, do…
Capesize order book slips to 5% of fleet as contracting falls Read More »
The third week of October witnessed robust Capesize Brazil to China freight rates, as indicated in the chart above. Furthermore, the demand in tonne days exhibited a noteworthy surge in recent days. Nevertheless, the recent uptick in the number of ball…