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Dry Bulk

Cement maker overwhelmed by interest in green ship project

The cement producer approached the international shipping community last year to work together on a green vessel. The response was overwhelming, says the company’s chartering manager

Dry Bulk Norway

Low fleet growth lifts dry bulk spirits

Dry bulk markets should be entering a period of higher rates, given a downcycle that spanned four years from 2016; but uncertainty about the pace of the recovery post-pandemic is still causing some concern

International Dry Bulk Annual Outlook
Market Insight

Loss-making Genco completes asset sales

The company, which recorded a net loss of $65m in the fourth quarter of 2020 compared with net income of $900,000 in the same period a year earlier, sees a favourable dry bulk market going forward

Dry Bulk International

Pacific Basin says minor bulkers rally linked to US grains

Minor bulk demand growth is pegged at 4.8% this year compared with fleet growth of 1.8%, Pacific Basin highlights, while the dynamics are even more compelling for next year

International Asia Pacific

Precious positive on bulker market for 2021

If the supply side receives a dividend from the recycling of very old ships, slow steaming by the rest of the owners who are using low-sulphur fuel oil and forced downtime in dry docks for owners passing special surveys on ships older than 20 years means the market would further benefit from this shrinking pool of available ships, according to Precious Shipping managing director Khalid Hashim

Thailand Dry Bulk

Panamax earnings approach 14-year high

Freight rates for panamaxes have been pushed up as available tonnage in the Atlantic region is limited. US Gulf and east coast South America are absorbing a great number of ballasters from the Asia-Pacific, while thickening sea ice in the Baltic Sea is further boosting rates

Asia Pacific Europe

Dry bulk tonne-mile demand falls as Argentine grains miss the boat

Pacific demand for Argentine wheat has dropped as Asian grain buyers shift to abundant Australian produce. In the first two months of the current export season, loadings from the South American nation only reached 3m tonnes, half as much as a year ago

Australia Argentina

Lunar new year brings some joy for bulkers stranded in China

There are still about 46 bulkers that remain stranded in China’s anchorages with Australian coal because of the political spat, according to Lloyd’s List Intelligence vessel-tracking data. Of those waiting to offload cargoes, there are six panamaxes, 25 post-panamaxes and 15 capesizes

Australia China

Global Ship Lease acquires seven boxships for $116m

The company, which last month announced a refinancing of its 2022 bonds and instatement of a regular dividend for shareholders, plans to plough $40m of its existing cash into the acquisitions and finance the balance with bank debt

International Containers

Seasonal lull hits bulkers but agri-commodities provide support

The shortage of available containers in many export ports, especially in China, could see increasing demand for dry bulk tonnage as a secondary effect. Meanwhile, port congestions in east coast South America are likely to further boost freight rates for the mid size and geared vessels

International Dry Bulk

Optimism grows for recovery in dry bulk segment

Cleaves Securities analyst Joakim Hannisdahl says China’s stimulus efforts will continue into 2021, leading to a net restocking cycle once the global commodity markets find a new equilibrium at a higher supply level. This could boost the dry bulk shipping market

International China

Eagle Bulk ultramax boarded off West Africa

The 63,500 dwt Rowayton Eagle is fully operational and is being escorted to the discharge port by an armed private maritime security contractor vessel with a Nigerian naval detachment on board, according to the owner Eagle Bulk

Middle East and Africa Nigeria

Capesize market cools ahead of Chinese New Year

Brokers attribute the slide to an expected seasonal dip in cargo demand ahead of Chinese New Year, cargo cancellations after Australian port closures and tonnage tightness in Brazil

China Dry Bulk

More than 50 bulkers still waiting at Chinese anchorages

Of the vessels waiting to offload their cargoes, there are 10 panamaxes, 29 post-panamaxes and 16 capesizes, Lloyd’s List intelligence data shows. But with domestic coal prices remaining elevated, calls from steel mills and power utilities to ease restrictions have mounted which may see more ships discharging cargoes in the coming months

Australia China