A virtuous cycle of increased cargo ordering spurred by tightening avails, thus spurring more ordering (and so on), has taken … Continue reading
Ben Perry
Ever the size class ruled by sentiment rather than physical trading, Capesize freights slide further and more sharply than in … Continue reading
For the first time in quite some time, tonnage seems to be tightening in the Baltic Sea markets, giving owners … Continue reading
The EU is facing the prospect of a considerable decline in sugar production in 2020 after enduring a combination of … Continue reading
As the last Australian reporters leave China, diplomatic tensions continue to rise between Canberra and Beijing. Whether China is ready … Continue reading
Consistent inconsistency remains the major feature of the chartering market and is quite an impediment to strike a safe trade … Continue reading
With the ongoing economic malaise across Europe and the corona-related cargo demand shock still holding freights to historically low levels, … Continue reading
UK wheat is bracing for one of its lowest harvests in decades, according to the National Farmers’ Union (NFU), which … Continue reading
It’s been a quiet start to the week for the Capesizes. Some activity on trans-Atlantic routes and a restricted tonnage … Continue reading
Ultra-Supramax vessels off the Continent have been making very little progress, if any. Scrap charterers took a Supra at US$ … Continue reading
Hopes that late summer would see a return in delayed demand throughout the Azov and Black Sea markets have so … Continue reading
Northern European coaster business—and indeed freight rates—have fallen to such lows that any minor positive change in demand can be … Continue reading
After breaking US$ 30,000 daily early last week only to hit US$ 40,000 daily by the end, Capesize front haul … Continue reading
The current commodity price rally is in danger of outrunning fundamentals, Goldman Sachs warned this week, noting that strong downside … Continue reading
Trying to analyse the worldwide chartering market, you cannot but conclude, that the East is hugely outperforming the Atlantic. This … Continue reading
In keeping with the broadly bearish trends across the northern European trades, the trans-Baltic rates have been declining with more … Continue reading
The Capesize recovery is welcome but not everyone is convinced. European holidays make the Atlantic picture in particular unclear although … Continue reading
Covid-19 is keeping the market under tight control and only in the East-Indian Ocean range is the virus loosening its … Continue reading
Activity has been lagging in the Black Sea and Sea of Azov trades, but the ongoing tightening of Russian grain … Continue reading
Despite the collapsing rate trend in some Capesize routes—notably the front hauls, which have drifted into the US$ 19,000s—there are signs … Continue reading
Persistently poor demand has applied steady and bearish pressure to commodity prices around the world. Iron ore prices have not … Continue reading
The chartering market remains a lamentable playground for the shipowners who have no choice but to adapt to the challenges, … Continue reading
The spark for the Capesizes is kept alive on the eastbound runs with front hauls hitting upwards of US$ 16,000 … Continue reading
In February of this year, Ukraine produced more than 2.55 Mt of coal, just 0.2% less than expected. This is according … Continue reading
The chartering market in the Atlantic is slowly moving forward. Ultramax owners have been demanding US$ 17,000 daily for a … Continue reading
World steel output amounted to 1,869.9 Mt in 2019, an increase of 3.4% from the year before, according to new data … Continue reading
Adriatic Sea market: Imports have been strong into the Adriatic even as general volumes have slowed over the holidays and … Continue reading
Grain activity from the ECSA and US Gulf is offering Panamaxes a glimmer of hope in the Atlantic but this … Continue reading
The holidays have continued to linger into 2020 with principals seemingly in no major rush to secure business as long … Continue reading
The chartering market off the Continent has been pretty busy for the larger Supra-Ultramax tonnage. Front haul rates have been … Continue reading
