As they sometimes do, Capesize rates are splitting into hemispheres with Pacific rates under pressure (possibly ahead of next week’s … Continue reading
Category Archives: Dry Bulk Snippet
World food prices marginally declined for the fifth month in a row in August, based on the World Food Price … Continue reading
Having fallen to their lowest level since February, Capesize rates were in the doldrums until the start of this week … Continue reading
Navios Maritime Partners bought 36 bulk carriers from its parent company Navios Maritime Holdings for US$ 835m, bundled along with … Continue reading
Average commodities prices have eased in recent weeks after peaking in June, according to the Bloomberg Commodity Spot Index, which … Continue reading
The small-sized bulkers are emerging as champions among all size classes for bulk carriers with recent estimates by Allied showing … Continue reading
Off the Continent, the owners of a 38,000 dwt vessel have been testing charterers at a rate of US$ 29,000 … Continue reading
Countering recent, if modest, declines in day-to-day spot rates, Capesize owners are relatively confident that May will represent a return … Continue reading
Shipping equities have performed surprisingly well in 2022 thus far, notes Clarksons in a recent market update, with average gains … Continue reading
After slowing with the onset of war in the last week of February, Russian wheat exports surged in March as … Continue reading
Very little has come to pass to slow the decline of Capesize freights as they continue to slide going into … Continue reading
Chilean-owned bulk carrier company Ultrabulk saw revenues double in 2021 compared to the year before, according to its newest financial … Continue reading
New supply contracts for potash secured in India and China have had ripple effects across the entire global potash market. … Continue reading
The chartering market is living up to earlier and repeatedly expressed expectations, i.e. staging a buoyant comeback by the end … Continue reading
Unlike the Capesizes, which seem to have lost the majority of their 2021 gains in the final two months of … Continue reading
After showing signs of easing at the weekend, daily declines appear to have resumed and increased in intensity at midweek … Continue reading
Next week (17 Nov), the European Commission is set to publish the first draft of the EU waste shipment regulations … Continue reading
German bank Berenberg plans to expand its debt fund portfolio with two new multi-investor funds. The funds allow investments in … Continue reading
The chartering world remains a mixed bag of news, albeit one that continues to enrich the owners at any rate. … Continue reading
Following their slowing momentum at the end of last week with a renewed bout of energy at the start of … Continue reading
European steelmakers say they are concerned that the European Commission may soon suspend duties on certain steel products in the … Continue reading
Golden Ocean has announced its next steps in fleet renewal with an order for three 85,000 dwt Kamsarmaxes to be built … Continue reading
A typical Monday is marked by a lack of momentum, where dithering prevails. Attempts to cover ECSA stems by taking … Continue reading
Euro wheat crop predictions continue to be downgraded amid changing weather patterns. Wheat produced in France, Europe’s biggest producer, is … Continue reading
With rates breaking new records, it stands to reason that congestion levels would be at records as well. Indeed, some … Continue reading
Long-time stock market-lister Eagle Bulk Shipping [EGLE] is reporting a record profit for the second quarter of the year with … Continue reading
On a typical Monday when all players are positioning their “guns” for the battle ahead of the week, news has … Continue reading
After posting several consecutive days of improved freight levels in the final days of July, Capesize rates take yet another … Continue reading
Listed bulk carrier companies have seen share prices bounce back in recent days (thanks to a modest rebound in dry … Continue reading
Even if daily gains have arguably eased from their gigantic US$ 5,000 improvements of days past, the Capesize freights remain … Continue reading