Powering through their recent hardships, the same ones that have affected the dry bulk market at large, Clipper Bulk of … Continue reading
Ben Perry
The chartering market is looking very promising which many players are confident will last for the remainder of this year. … Continue reading
European wheat prices appear to be firming on the back of a softer euro and renewed optimism for the EU … Continue reading
Corrections have been coming fast and hard on the Capesize long hauls with Pac RVs losing nearly US$ 1,500 on … Continue reading
Stock markets fell sharply this week—the second biggest drop all year—on ongoing trade war worries and news from Germany and … Continue reading
Exports of steel from Turkey surged 30% year-on-year in May to 2.1 Mt, based on new data from the Turkish Steel … Continue reading
Settling from last week’s minor uptick in activity and sentiment—perhaps buoyed by increasing bunker prices as well—rates for northern ships … Continue reading
Despite slowing in upward momentum, Capesize voyages do not appear to have hit a wall yet with modest improvements taking … Continue reading
Russia said it will begin enforcing regional quotas and limiting its exports of ferrous scrap beyond the Eurasian Economic Union … Continue reading
The chartering market is still looking for direction and seems at odds to find it. An abysmally poor rate of … Continue reading
Copenhagen-based bulk carrier operator Baltnav reports that it secured a profitable 2018, which has allowed it to expand globally with … Continue reading
The recent Capesize rally—which has seen freights return to January levels enjoyed before the Brazil mine disaster and its related … Continue reading
Increased coal movements around the Sea of Azov have helped buoy sentiment and rates to a limited degree, at the … Continue reading
Again taking a turn back toward the positive, rate trends ended up flatter than the week before, if only because … Continue reading
NASDAQ-listed owner-operator Pangaea Logistics Solutions [PANL] says it plans to offer shareholders a quarterly dividend for the first time since … Continue reading
Greek owners are said to be little nervous about 2020 with the upcoming challenge to meet the now sulphur cap … Continue reading
Having had a relatively beneficial week, Capesizes start to flatten as the week ends with owners hoping that sentiment stays … Continue reading
Declines in freights seem to have started to accelerate as the days of May lengthen with the lingering impact of … Continue reading
The decent handful of new TCs that came through for the Capesizes at midweek were not repeated by the end … Continue reading
Impairments on credit for shipping and petroleum investments of Danske Bank fell in the first quarter of the year, according … Continue reading
Recent rainfall in Western Europe has boosted output forecasts for the EU wheat crop, though analysts warn that more rain … Continue reading
Capesize freights rose by as much as 38% last week, according to some metrics, with the recover in sentiment buoyed … Continue reading
After Easter break, one can’t but conclude that still not much is going on. The market in general remains pretty … Continue reading
Adriatic Sea market: Traffic has been sporadic at best. Ammonium nitrate of 1,000mt has secured US$ 39-40/mt from Alexandria to Sarande … Continue reading
Operator Western Bulk Chartering announced that it has secured new debt financing and intends to raise US$ 15m in equity, … Continue reading
Again averting disaster at the last minute, Capesize freights pull back from oblivion to post even better upgrades than the … Continue reading
The world’s second-largest non-Chinese aluminium producer, Rusal, began new production operations last week at its Boguchansk aluminium smelter in Siberia. … Continue reading
Rate recovery is still elusive for the nonperforming Capesize sector. A severe lack of demand having its way with spot … Continue reading
Off like a light, the Capesize rebound of last week seems to have hit a wall at the start of … Continue reading
Scorpio Bulkers [SALT] sold seven ships to China Merchant Bank Financial Leasing in a sale-and-leaseback deal wherein the owner will … Continue reading
