Capesize The Capesize market faced a subdued week, with the BCI 5TC steadily declining from $7,946 on Monday to reach $6,977 by Thursday. However, a modest recovery towards the weeks end lifted the 5TC to $7,252. The Pacific market remained under press…
Dry Bulk Shipping: Capesizes Still Under Pressure Read More »
The recent wildfire in Los Angeles is expected to drive up import demand for bulk and breakbulk commodities in the US, while export numbers could decline. Rebuilding the region will aid the need for construction materials, generating demand for bulk an…
Los Angeles wildfires – A catalyst for breakbulk shipping demand amid rebuilding efforts Read More »
Demand for Brazil’s iron ore, most notably from China rose by 4.1% during 2024. In its latest weekly report, shipbroker Banchero Costa said that “2024 was another positive year for global seaborne iron ore trade. In Jan-Dec 2024, global loadings of iro…
Dry Bulk Shipping: Brazil’s Iron Ore Exports to China on the Rise Read More »
A record number of new tankers were ordered in 2024 with 435 orders placed across the year, an increase of around 31% year-on-year according to according to Veson Nautical’s ‘2024 End- Of-Year-Report’. The report, compiled by Veson’s data and intellige…
Greek shipping magnates top tanker newbuild order rankings in 2024 Read More »
January closed with weakening momentum in the dirty freight market, as the growth rate of demand tonne-days has yet to support a notable recovery. However, there are encouraging signs on the supply side, with vessel availability in the Arabian Gulf (AG…
Tanker – Weekly Market Monitor: Dirty Oil Flows and Tonne Days (Arabian Gulf – Far East) Read More »