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Dry Bulk
World steel demand to remain resilient
China’s steel demand is showing high growth this year owing to a strong real estate sector, the World Steel Association says
Indonesia’s nickel ore export ban to hit supramaxes
The recent ban could mean the market will lose 2m tonnes a month of supramax cargo
Market Insight
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Latest From Capes, Handies, Panamax & Ultra and supras
Deadly pig disease to bog down soyabean trades
The fall in volumes from the US and Brazil to China has led to an 8.5% drop from last year in the tonne-mile demand generated by the two dominant soyabean exporters, BIMCO noted
Golden Week holidays cast shadow over capesize chartering
The decline in iron ore and coal imports by China has come on the back of a government order to reduce steel production during the week-long holiday
Shrinking fleet may aid smaller dry bulk segment
The dry bulk sector should end the year at least 10% higher on the Baltic index compared with 2018, said Western Bulk’s managing director in Singapore, Vivek Kumar
Equity Watch
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Latest From Diana Shipping Inc, Golden Ocean, Safe Bulkers, Scorpio Bulkers & Star Bulk
Golden Ocean invests more with Singapore Marine
Golden Ocean is adding $9.5m of new equity and extending a shareholder loan of $700,000 to Singapore Marine
Safe Bulkers completes five scrubber retrofits
The charter market was weak in the first half of the year, but since then the Baltic Exchange index has surged and Safe Bulkers has been fixing vessels at “much higher rates”
Heavy impairments knock Star Bulk second-quarter results
Star Bulk has plans to have 81 scrubber towers installed by the end of September this year and 104 by the end of December
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