Dry Bulk
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Dry bulk market fails to shrug off bearish sentiment
Tonnage build-up as congestion eases is said to be weighing on the capesize market, which has once again been knocked down to below break-even levels, forcing the Baltic Dry Index to its lowest level since early February
Is China’s potential coal ban lifting all that bearish for dry bulk shipping?
Analysts are divided about the impact to dry bulk shipping from the emerging news that China is considering lifting restrictions on Australian coal as relations start to thaw between the two sides
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
Capesizes jump to five-month high
The market has now overtaken the panamax, supramax and handysize segments which had surpassed daily earnings for the capesizes over the last few months
Genco has its best first quarter since 2010
US bulker owner plans to focus on dividends and clearing debt
Capesizes climb as optimism returns
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
Capesize rates pull back after rapid 66% rise
The average weighted time charter is at $14,209 per day on the Baltic Exchange from $15,789 on February 10. The market is still lacking sufficient volumes from Brazil as more activity from West Africa and Australia is reported
Spot capesize rates slump to below operating costs
Capesize value continues to erode given Brazilian iron ore shipment issues in what is traditionally a weak quarter, exacerbated by the upcoming Chinese New Year and Winter Olympics
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