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Latest From Capes

Dry bulk FFA trading set for record on 'crazy' year for volatility

Market is expecting a ‘big’ correction to come, dry bulk FFA brokers say on webinar

International Dry Bulk

Chinese steel demand supports capesize spot rates

The Baltic weighted time charter average has rocketed up by more than 700% from $3,648 on June 1 to $29,395 a day on June 25

China Dry Bulk

Capesize market boosted by potential short-term drivers

The hot spot market is spurring Forward Freight Agreements higher, with July quoted at more than $20,000, up 20% in a day

Dry Bulk Capes

Tata Power to sell three capesizes in $213m block deal

Tata Power has long-term plans to reduce debt and raise funds to invest in future growth plans, including expanding its presence in the renewable energy business

India Dry Bulk

GoodBulk posts loss despite ‘outperforming’ capesize market

The dry bulk market has seen ‘encouraging signs’ in recent weeks as China’s industrial activity in ferrous metals has regained traction, says Goodbulk

International Dry Bulk

Bleak capesize market hit by Vale mine closures

Closure of the three mines operated by Vale at Itabira is likely to put more than 10% of its iron ore output offline

Brazil Capes

Rise in Canada to China activity supports capesize market

The bauxite trade from Guinea to China continues to be one of the most bullish in dry bulk

Asia Pacific Middle East and Africa

Focus on iron ore trade in Australia’s trade spat with China

Beijing has also imposed informal quotas on coal imports days, after announcing new inspection rules for iron ore imports

Asia Pacific China

Will greater LNG demand lead to the death of coal?

A 5% decline in thermal coal equates to just over 1% of total dry bulk demand, Stifel analyst Benjamin Nolan estimates 

International Dry Bulk

Vale reopens Malaysian terminal

Operations at the facility had been halted since March 16 as the Malaysian government started imposing lockdown orders on March 18

Asia Pacific Malaysia

Has the capesize market found a floor?

While the Baltic Capesize Index has flipped back above zero, current earnings represent only 0.9% of 2008’s golden year

Dry Bulk China

Angeliki Frangou encouraged by shrinking capesize fleet

Capesize fleet reduction has resulted from accelerating non-deliveries and scrapping of vessels alongside Vale’s recent announcement of its intent to phase out 25 converted very large ore carriers

International Dry Bulk