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Dry bulk rates to see marked improvement in 2021

Maritime consultant Drewry is expecting to see higher time-charter earnings next year based on assumptions that demand growth will outpace fleet growth

Dry bulk is in a recovery mode following the negative impacts of the coronavirus, and will soon be entering an expansionary cycle, Drewry’s research head Rahul Sharan says in an outlook presentation

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Indonesian coal trade lends support to panamax bulkers

Wood Mackenzie expects China to purchase 20m tonnes of seaborne coal later in December or January next year. This, in addition to tighter tonnage availability, would support freight rates in the short term

BIMCO cautious on dry bulk market recovery in 2021

Geopolitical developments in particular around Chinese coal imports are putting the brakes on dry bulk demand, according to BIMCO. However, it remains to be seen at what level China will set new coal quotas and how the spat with Australia develops

A grain of hope for supras and handies

Lloyd’s List Intelligence vessel tracking data shows that the 2015-built, 37,503 dwt vessel Ince Point carrying Australian wheat is scheduled to reach Ho Chi Minh City on December 10. This is the first of what could be 60 ships carrying wheat to global markets

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