An upturn in iron ore prices on the back of promises from Chinese President Xi Jinping to take more effective measures to achieve the country’s economic and social development goals has proven to be just a blip. When Xi made his comments on June 23, ir…
Iron ore stuck in downward spiral Read More »
Capesize The Capesize market was unable to carry the rally from last week as rates were seen to dip sharply this week with the 5TC down 4901 to $19,875. Trade activity throughout the week came in fits and starts with the market struggling to settle. Wh…
Dry Bulk Market: Capesizes Stall, as Sentiment Softens Across the Board Read More »
China’s slowdown has had a negative impact in Brazil’s iron ore exports. In its latest weekly report, shipbroker Banchero Costa said that “global iron ore loadings in the full 12 months of 2021 were up +0.7% y-o-y to 1,555.3 mln t, according to vessels…
Dry Bulk Market: Weaker Chinese Demand Dampens Brazil’s Iron Ore Exports Read More »
The euphoria surrounding the prospects of the dry bulk market, amid a shortage of tonnage and longer ton-mile demand, could soon evaporate, amid a worsening global economy environment and higher borrowing rates. In its latest weekly report, shipbroker …
Dry Bulk Market: Bullish Sentiment Prevails, but For How Long? Read More »
The economic environment for global trade has profoundly shifted in the past year. Recovering demand from the pandemic has collided with supply side constraints in many industries, inflation and interest rates are rising, and the Ukraine war, together …
VesselsValue: Sowing the Seeds of a Food Crisis Read More »