Dry Bulk
Stay informed with the latest news, analysis, and market insight impacting the dry bulk sector through our expert coverage
Golden Ocean positive on dry bulk fundamentals
The Norwegian dry bulk company backed by shipping tycoon John Fredriksen posted net income of $195m in the third quarter and declared a cash dividend of $0.85 per share
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
Coal, control and congestion to shape dry bulk freight market
Port congestion has been particularly acute in northern China, where 314 bulk carriers are now tracked at anchor, up from 250 a month ago, awaiting to discharge at coal, ore, minerals or grain terminals, according to Lloyd’s List Intelligence data
Fertiliser supply constraints spell sluggish demand for supras and handies
Restrictions on Chinese and Russian fertiliser exports may alter existing trade flows, as key buyers are forced to look for alternative sources, says analyst
Pending panamax route changeover creates freight trading challenges
FFA sector’s reluctance to trade using the new contract stems from the unexpected gain in rates for all bulk carrier sizes over 2021
Disruptions benefit dry bulk shipping, says operator
Precious chief says there are signs that economic activity is increasing, with a rise in tonne-mile demand
Anglo American aims for carbon neutral shipping by 2040
Miner says it is exploring a comprehensive framework of complementary sustainability measures — an approach that will be backed by regular and validated emissions performance reporting
Easing capesize congestion adds to rates pressure
Besides a small unwinding of capesize congestion outside China, the market slump has been caused by a slowing in the world’s second-largest economy combined with lower exports of iron ore from Brazil. The forward curve is also currently leading sentiment in the physical market
Capesize bubble bursts as daily rates drop 64% in three weeks
Weaker indicators out of China combined with lower iron ore volumes from Brazil and potentially Australia as the first-quarter approaches are providing short-term headwinds to the capesize market
Dry bulk owners face uncertainty as Indonesia plans exports halt
It is not only dry bulk commodities that will be affected. Unprocessed palm oil is facing an export embargo, which will hit tankers
Capesizes continue to slide
The recent rally was not driven by underlying fundamentals, says Breakwave Advisors, and the ‘bottoming process’ will continue over the coming weeks before a potential final uptick at the end of November
Supramax market could erase gains
Average spot rates edged towards a record $40,000 per day on the Baltic Exchange on Thursday. They have since retreated by 1.1%
China port congestion crucial to dry bulk rates direction as demand slows
Port congestion that has help propel bulk carrier rates to 13-year highs appears to be unwinding as China’s demand for bulk commodities slows
Capesizes drop a further 10% in one day
Spot daily rates are heading towards the $50,000 mark for the first time since September 10, which is 20% lower than a week ago. But, despite lower iron ore shipments, tonnage remains tight
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