Ultra-Supramax vessels off the Continent have been making very little progress, if any. Scrap charterers took a Supra at US$ … Continue reading
Ben Perry
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 … 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
[28 NOV 2019] Capital markets have not been overly enthusiastic about shipping in recent years, this past year being no … Continue reading
On the event of the 71st Eisbeinessen Dinner in Hamburg—the world’s largest gathering of shipbrokers and shipping people—BMTI is offering … Continue reading
Uncertainty looms in the European steel outlook, according to EU steel association EUROFER. A present “downslide” in the EU manufacturing … Continue reading
Bank lending to shipping concerns has fallen to its lowest level in at least twelve years, according to a new … Continue reading
Sentiment rules for the volatile Capesizes with the end of the week bringing an unexpected bounce-back despite a nearly complete … Continue reading
European wheat prices have remained relatively flat in the past week, even having gained some sentimental support from indications that … Continue reading
The chartering market looks still pretty stable in the Atlantic whilst the East is coming off for Handysizes. Off the … Continue reading
Capesize cargo has predictably dried up in both basins, particularly in the Pacific, where a recent restocking drive into the … Continue reading
General sentiment continues to be buoyed by the ongoing grain season activities in the northern European coaster markets with new … Continue reading
