The Baltic Exchange Dry Index (BDI) increased from 1,374 to 5,650 between early January and early October 2021, only to fall back to 1,302 by late January 2022. Since then, the market has enjoyed increased support as Brazilian exports recovered from he…
Slow Supply Growth To Support Dry Bulk Market As Risks To Demand Mount Read More »
To celebrate the much awaited return of Posidonia after 4 years, we take a look at how the Greek fleet has developed since the last event in 2018, using VesselsValue data. From 2018 to 2022, the value of the Greek owned fleet increased by 92%. This is …
Posidonia Then and Now: A Look into the Greek Fleet Read More »
The ship recycling market is still suffering from a lull in activity. In its latest weekly report, shipbroker Clarkson Platou Hellas commented that “as we commemorate Her Majesty The Queen marking 70 years of service to the people of the United Kingdom…
Ship Recycling Market in Dire Straits Read More »
As of today (11 May 2022), Capesize rates finally breached $30,000/day mark to $31,151/day from the average of about $14,000/day in April 2022 or about $11,000/day on 20 April 2022 according to the Baltic Exchange. As you may have noticed in several fr…
Such is the serious fear of the global business organisation representing cargo owners which export and import across international supply chains, the Global Shippers Forum. Following the decade-long efforts of the International Maritime Organisation (…
Shippers Fear Carbon Tax Will Hike Freight Costs Still Higher Read More »