The tanker market could keep receiving short-term boosts, as a result of climate change. In its latest weekly report, shipbroker Gibson said that “as hurricanes and storms become increasingly more severe due to climate change and warming sea temperatur…
Climate Change Could Help Tanker Market With Short-Term Freight Rate Boost Read More »
Capesize The Capesize market crested over the past week as the 5TC retracted $4452 since last Friday to close out at $46,647. The north Atlantic basin, largely inactive over the past several months, has surged since mid-August settling today at $52,099…
Dry Bulk Market Goes From Strength to Strength Read More »
It’s an age-old joke that has brought resentment from horses and word play aficionados alike, but to a certain extent it’s useful in expressing what has been going on in a couple of markets. Carbon emissions and steel walk into a bar. The barman looks …
Carbon and Steel Walk into a Bar Read More »
Strong demand for iron ore during 2021 has contributed significantly to the rise of the dry bulk market freight rates. In its latest weekly report, shipbroker Banchero Costa said that “2021 so far has proved very robust in terms of iron ore trade. Tota…
Strong Iron Ore Seaborne Trade Propelling Dry Bulk Market Rates Forward Read More »
We expect dry bulk market demand and supply balance will be stable in the coming years. However, our data-driven forecasting models predict freight rates will face correction and decline by 30% in the coming quarters as vaccines become more widely avai…
Dry bulk Market: Vaccine, a double-edged sword Read More »