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Dry Bulk

Cape futures make gains as spot market soars to new heights

Backwardation will persist given uncertainty over demand linked to lower iron ore pricing and the Evergrande situation, which knocked some confidence over the longer term

International Dry Bulk

Bulker congestion off China boosts dry bulk rates

About 5.5% of the dry bulk fleet, or 1 in 17 vessels, is caught up in congestion off China, Lloyd's List Intelligence data shows

Dry Bulk China International

Latest Articles

Market Insight

Daily Briefing September 28 2021

Tanker futures show freight rate rally on hold | Tanker market may gain from LNG's price pain | Political pledges require detailed decarbonisation delivery | Capesize rates continue to soar

Daily Briefing International

Capesize rates continue to soar

Bullish sentiment over dry bulk continues to dominate, prompting several owners to remain exposed to the spot market, although seeking cover through the traditional weaker first and second quarters of the year

Dry Bulk Capes

China’s overseas coal power retreat not a threat for bulkers

China’s policy is unlikely to change much in the short to medium term, but it is likely to accelerate the decline of seaborne coal volumes in the longer term, according to analysts

International China

Capesize rates shrug off China concerns to set new high

The average weighted time-charter for five leading routes rose to more than $56,000 per day at the close on the Baltic Exchange. That is the highest for the 180,000 dwt assessment that was launched in 2014

Dry Bulk Capes

Berge Bulk sees ‘strong’ market continuing for two years

Berge Bulk remains cautious over the long term as it believes that pandemic-related factors, which have been supporting demand, will be short-lived and owners might approach yards for new orders

Singapore Dry Bulk

Capesizes climb as typhoon impacts capacity

Increased congestion is playing a significant part in daily spot rates shooting up to beyond the $53,000 mark on the Baltic Exchange, a new high for the 180,000 dwt assessment, from the $40,000 range a week ago

International Dry Bulk

China faces potential bauxite crunch from Guinea coup

A military coup in Guinea has left China facing a bit of a double whammy in terms of problematic supplier nations as Guinea has rapidly become the largest supplier at a time when the Chinese demand for imported bauxite has increased significantly, says analyst

Guinea China

Impact of hurricane on US grain terminals shakes up bulk trades

A number of US grain terminals have been taken offline by Hurricane Ida. This is disrupting soyabean shipments from the Gulf, which have recently become one of the most important trades for dry bulk markets

US States Dry Bulk

Secondhand bulker prices almost double in 2021

The Baltic sales and purchase assessments show secondhand prices for a five-year-old capesize vessels have surged 38.1% year on year. Panamax prices are up 41.4% and handysize prices have increased by 52%

Dry Bulk Capes

Nigerian refinery to have ‘major impact’ on tanker market

Poten’s Erik Broekhuizen said that the Dangote refinery will dramatically change the crude oil and refined product balances in Nigeria and the wider West Africa region

Nigeria Tankers and Gas

Capesize daily rates rocket past $50,000

Market participants expect rates to reach $60,000 per day in the coming weeks as vessels ballast towards the Atlantic basin

Dry Bulk Capes

Does dry bulk need to worry about a slowdown in China?

Capesize market has managed to shrug off softer indicators thus far, gaining 26% in a week to the highest level since the start of the assessment for the larger 180,000 dwt size

Dry Bulk Capes