Dry Bulk
Stay informed with the latest news, analysis, and market insight for the dry bulk shipping industry through our expert coverage
Asia Maritime Pacific and Hamburg Bulk Carriers to merge
Definitive documentation has been signed, with the transaction subject to customary closing conditions, expected by January 2023
Softer tone prevails in dry bulk market
Spot rates have been on a downward slope across all bulker segments mainly due to lower demand and an unwinding of fleet inefficiencies, with weakness expected into the first quarter of next year
Jinhui Shipping profit suffers amid softer freight rates
Company said congestion and disruption issues are likely to continue in some countries and regions for the foreseeable future
Capesize slump continues on ever-weakening sentiment
Spot daily average breaches the $13,000 level, with cargoes lacking amid plentiful tonnage. Elsewhere, futures prices for the first quarter inch closer to the $6,000 mark, a record low for this contract, brokers say
Capesize futures point to bleak outlook
A heavy sell-off in the forward curve was seen at the start of the week, mainly on weaker sentiment related to increased likelihood of interest rate hikes combined with a stronger US dollar hurting commodity demand and continued headwinds from China, analyst says
Capesize market dips after rally
Spot rates have dipped to $16,000 per day, following days of increases that saw the segment creep up to levels seen for other bulker sizes
Daily Briefing September 15 2022
Doubts cast over LNG’s role as future fuel | US set to overtake Russia as Europe’s largest crude supplier | Demand growing for future-fuel ready engines | Capesize market stages dramatic rebound
Seanergy optimistic for capesize market prospects ‘for the coming years’
Market slump in recent weeks has hit the bottom and rates should improve in the second half, says company
Genco expects support for capesizes as it focuses on short-term fixtures
US dry bulk company will have lower capital expenditure in the second half of the year following a heavy drydock schedule, while also seeing lower vessel operating costs as crew-change issues unwind and it completes the transition to its new technical management joint venture with Synergy
Capesizes face further erosion in ‘cruel summer’
Spot rates have dropped 25% in one week as the gloomy macroeconomic picture and lacklustre activity in the Atlantic eat into confidence
Capesize rates slide as Brazil iron ore disappoints
Capesize loadings from major Brazilian ports were 21% lower in January to June versus the same period last year, Lloyd's List Intelligence data shows
Capesizes weighed down by China growth outlook concerns
The capesize market, which is the most volatile of all the bulker segments, has dropped below other sizes in dramatic fashion this week
Capesizes propelled forward as activity rises
According to ship brokerage Braemar ACM, the tightness in the Brazil market drove the prompt months on the forward curve to new highs for the year
Eagle Bulk sees new trading patterns supporting dry bulk
Backhaul trades are garnering premiums to the index, according to US-based company. ‘It’s not business as usual,’ says chief executive Gary Vogel
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