A smaller dry bulk fleet could be on the cards for 2021, should the existing trends and estimates materialize. In its latest weekly analysis, shipbroker Intermodal said that “we expect the rise in scrap prices amid the inflection of steel prices to mul…
More Scrapping, Fewer Deliveries Bode Well for the Dry Bulk Market in 2021 Read More »
In the seven days up to 1 January 2021, the US did not record any crude oil imports from Saudi Arabia. It is the first time this has happened. Previously, imports have averaged several hundred thousand barrels per day (bpd). For the moment, this drop t…
BIMCO’s Shipping Number of the Week: Zero tonnes of Saudi crude oil imported by the US Read More »
The unparalleled disruptions to the international supply chain experienced over the last year are not caused by one party in the chain; they are the result of sudden and radical changes to the demand for goods due to the impact of the Covid-19 pandemic…
Ocean Carriers Battle the Covid Cargo Crunch Read More »
The fundamentals for the dry bulk market seem to be improving as we entered 2021. A moderate dry bulk fleet growth during 2020, combined with improving demand, could set the tone for this year. In its latest weekly report, shipbroker Allied Shipbroking…
Dry Bulk Market Could Be Set for a Sustainable Rebound During 2021 Read More »
The turbulence of the past year has in many ways clouded the underlying fundamentals in the dry bulk shipping market, but with 2020 now behind us, we are in a better position to establish an overview of expectations for 2021. Overall, total tonnes tran…