The company expects a stronger second quarter as vaccines are rolled out and demand continues apace amid a global economic recovery
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
The loan facility is a milestone deal because it is the first sustainability linked loan financing this vessel category
Prices of five-year-old capes and newcastlemaxes have gained 26% over the last year, while handies have gained 29%, according to a Braemar ACM research report
Bulk carrier queues had increased to 41 vessels in port of Newcastle, according to Lloyd’s List Intelligence vessel tracking data, the longest queues since last November
Allied Shipbroking says average earnings for the segment so far this year have been the highest since 2008, while sale and purchase activity has been triple the first quarter of last year
Total congestion outside both canal entrances has soared, with Lloyd’s List Intelligence showing about 46 bulk carriers awaiting transit through the busy waterway in the wake of the Ever Given grounding
Queuing peaked at 40 vessels at Newcastle port, according to Lloyd’s List Intelligence data. Elsewhere, port Kembla’s queue has also surged to 19 ships
Strong appetite for panamax and supramax vessels has pushed the Baltic Dry Index to its highest level since October last year, while stability in Libya could bring a boon in oil exports to a country reeling from a decade-long civil war
BIMCO’s chief shipping analyst Peter Sand expects Chinese iron ore imports to rise to record levels on the back of continued recovery in domestic steel heavy industries. In the long term, though, he believes the shipping industry cannot count on Chinese iron ore imports to continue to grow at the current pace
As charter rates soar for smaller bulk vessels, uncertainty still prevails in the capesize sector due to an oversupplied tonnage market and limited demand for Brazilian iron ore
Asset values across the bulker spectrum from handysizes up to kamsarmaxes have increased by 40% in a short space of time, driven by sentiment, said a sales and purchase shipbroker
While China’s ban on Australian cargo has been positive for the dry bulk market, over 40 laden bulkers remain stranded in Chinese anchorages and ports with crews stuck on board for months, Lloyd’s List intelligence data shows
The company says it will likely achieve the highest time charter equivalent rates in more than nine years in the first quarter given the rising market, particularly for supramaxes in which it specialises
All set! This article has been sent to firstname.lastname@example.org.
All fields are required. For multiple recipients, separate email addresses with a semicolon.
Please Note: Only individuals with an active subscription will be able to access the full article. All other readers will be directed to the abstract and would need to subscribe.