Drewry estimates that dry bulk demand growth will outstrip supply growth in the coming years, with the potential for heavy scrapping in 2024 providing further support

Two-year chartering rates equate to 73% of the price that container line CMA-CGM paid for its latest acquisition

Inventories-to-sale ratios in the US seen lengthening record-breaking charter market for at least 18 months

Analysts agree that fleet growth will be minimal through to at least 2023 because of regulatory uncertainty, limited access to capital and a lack of shipyard availability

Arrow Research foresees the capesize fundamentals to be tighter in the third quarter versus the second quarter, which depends mostly on Brazilian iron ore exports, coal trade flows and inefficiency unwinding

‘The signals and information we receive regarding the supply and demand balance illustrate a positive picture for the industry well into 2023,’ says company

‘As a rule of thumb, you always make a lot more money in containers by retaining the asset rather than selling the asset. You make more money with the cashflows you can lock in than selling the asset,’ says George Youroukos

Sources close to the Piraeus-based company say Green Admire and Green Adventure, both due in the first half of 2022, have been taken by Trafigura for at least two years each at $23,000 per day

Boxship owners were shunned when the pandemic first hit the market. Now they are benefitting from high levels of demand as greater capacity is utilised

The chartering arrangements, which include several significant deals for panamaxes, will ‘substantially enhance’ both contracted revenues and charter coverage, said chief financial officer Gregory Zikos

Globus has been taking advantage of a brighter dry bulk market in the early weeks of this year, locking several of its bulkers into short-period charters

‘Phenomenal’ vessel time charter rates seen as lines seek vessels to keep market share amid post-pandemic recovery