The fall in the dry bulk market has triggered an increased amount of sales of vintage bulkers, as more owners were incentivized to make moves in the demolition market. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “as anticip…
More Dry Bulk Tonnage Sold for Scrap Read More »
Highlights – The Baltic Exchange Dry Index (BDI) peaked in late May and has since fallen sharply as lower Chinese demand and adverse global economic developments have impacted expectations. – The IMF has lowered its global economic growth forecast to 3…
Dry Bulk Market: EU’s ban on Russian coal lifts demand despite economic headwinds Read More »
Capesize The Capesize sector spent the week trundling along the market floor as the last few day’s brief revival of rates was quickly wiped out, returning the 5TC back to $5-6k OPEX levels. On a more positive note, the Atlantic basin has begun to see a…
Dry Bulk Market: Capesize Sector Flat on Mixed Performance Read More »
The global iron ore seaborne trade has trended lower so far this year, mainly as a result of China’s diminishing iron ore imports. In its latest weekly report, shipbroker Banchero Costa said that “global iron ore loadings in the full 12 months of 2021 …
Iron Ore Seaborne Is Down This Year and Canada is no Exception Read More »
The dry bulk market has continued to remained depressed, although some signs of a tentative rebound were obvious during last week’s trading. In its latest weekly report, shipbroker Allied Shipbroking said that “a glimpse of hope was to emerge in the dr…
Dry Bulk Market Depressed, Despite Recent Glimmer of Hope Read More »