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Secondhand bulk carrier values see biggest gains in a decade

Prices of five-year-old capes and newcastlemaxes have gained 26% over the last year, while handies have gained 29%, according to a Braemar ACM research report

International Dry Bulk Capes
Market Insight

Capesize outlook is ‘constructive’, says 2020 Bulkers chief

Company’s head says the dry bulk market will see hardly any new vessel deliveries until 2024. With new regulations coming in 2023, a phase-out of vessels is also likely

International Dry Bulk

Capesize sentiment remains positive as market loses ground

The Baltic index has lost ground in the past two weeks. However, brokers are talking of a strong market for capesize ships, and as a result, futures prices have recently been trading at record premiums versus the spot index

China Dry Bulk

Diana agrees two charters at double previous rates

New charters commence on June 6 and June 10

International Europe

Chinese grain demand offers ‘significant boost’ to panamax earnings

The strong container shipping sector will drive many agricultural consignments to the dry bulk segment because of equipment shortages and high freight rates, according to Ocean Analytics founder Ulf Bergman 

China Dry Bulk

Oldendorff unveils new order and continues bulker acquisition spree

The three Japan-built post-panamax bulk carriers which Oldendorff acquired in the secondhand market will enter its fleet between June and early July

International Oldendorff

Capesize rates fall to lowest level in two months

In the longer term, the Chinese economy will be increasingly driven by advanced technology and less by building and construction activity in the coming years, according to a Danish Ship Finance quarterly report. This will reduce the Chinese economy’s requirement for steel, hampering demand growth for iron ore and putting pressure on the capesize fleet

China Dry Bulk

MOL to acquire panamax to transport wood biomass

As part of MOL’s environmental, social and corporate governance initiatives, it is targeting businesses that will lead to reduced environmental impact, including transport of responsibly managed wood biomass for energy

Japan Dry Bulk

Capesize earnings remain resilient

Brokers say most of the activity occurred in the Pacific region, a point borne out by the C5 Western Australia to China trade route, which surged by 14.9% week on week

Australia China

Capesize market slips as charterers take a breath

A change in sentiment is creeping into the market, analysts say, even as iron ore futures move up to a record-breaking $230 per tonne

International Dry Bulk

Seanergy welcomes new capes amid ‘strongest market of last decade’

The two arrivals leave Seanergy awaiting delivery of two more purchases, bringing the fleet to 15 capesizes with an average age of 11.9 years

Europe Greece

Dry bulk optimism likely to sail on into next year

The dry bulk market is nowhere close to a theoretical ceiling and could easily quadruple from current levels without destroying demand, according to Stifel research, which expects demand for dry bulk ships to rise by 5% this year and continue next year

China Australia

Capesizes retreat on fears of souring China-Australia relations

Freight rate slide prompted by a dip in the forward market could just be a temporary blip in an otherwise strong setting. Iron ore will be more supportive in the coming quarter with higher volumes expected

International Dry Bulk