Unctad secretary-general opens the Global Maritime Forum with a call to action for greater numbers and bigger sizes of ships to transit via the Black Sea as major shipowners have mostly been reluctant to commit newer, larger vessels
Ukraine’s small river ports ramped up activity in the aftermath of Russia’s invasion to keep trade flowing into and out of Ukraine. The ports are still working at capacity a month following the opening of three designated grain export hubs
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
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
Market slump in recent weeks has hit the bottom and rates should improve in the second half, says company
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
Spot rates have dropped 25% in one week as the gloomy macroeconomic picture and lacklustre activity in the Atlantic eat into confidence
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
The capesize market, which is the most volatile of all the bulker segments, has dropped below other sizes in dramatic fashion this week
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
Backhaul trades are garnering premiums to the index, according to US-based company. ‘It’s not business as usual,’ says chief executive Gary Vogel
The market has now overtaken the panamax, supramax and handysize segments which had surpassed daily earnings for the capesizes over the last few months
US bulker owner plans to focus on dividends and clearing debt
Activity emerging from Brazil has a part to play in the more positive sentiment, with spot rates gaining 50% in a week to the highest in a month
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