Capesize This week has seen the Cape 5 timecharter weighted average almost double. Similarly, the Brazil to China ore rates climbed over $4.50, from mid-$13.00s, to somewhere in the $18.00s. Despite all this activity, the West Australia ore rates have …
Dry Bulk Market Charges Back Read More »
The market for specialized trades has taken a turn for the worst of the past period, as a result of negative fundamentals. In its latest report, shipbroker Intermodal noted that “the return of traders and charterers from the Easter festivities came alo…
Following the historically challenged market seen in 2016, earnings in the bulkcarrier sector improved substantially in 2017, with more positive demand side trends across a number of dry bulk commodities seeing the erosion of some excess capacity. Tren…
Bulkcarrier Earnings: How Far Have We Come? Read More »
In 2018 so far, some 17 VLCCs have been ordered, which has expanded the orderbook by 17.0% in terms of vessel numbers, according to Alibra data. Of these ships, all but two are to be built at South Korean yards. One has been ordered in China and anothe…
VLCCs, Place your bets! Read More »
Traditionally, spring marks a rebound in dry bulk fixtures’ activity, on the back of increased grain trade and high ton-mile demand. However, according to shipbrokers, things might not be that smooth this time around. In its latest weekly report,…
Dry Bulk Market: Grain Season Might Not Bear the Gifts It Usually Does for Ship Owners Read More »