Dry Bulk
Stay informed with the latest news, analysis, and market insight for the dry bulk shipping industry through our expert coverage
Dual-fuel newbuildings still not viable, says Norden’s Jan Rindbo
Norden aims to cut emissions by 16% by 2030 from a 2022 baseline, by using measures such as slow steaming and refusing to take on the least-efficient vessels
Dry bulk: Q4 rally could breathe life into seasonal slumber
Record grain exports from Brazil and continuing restrictions in the Panama Canal have been buoying up healthy demand
Seanergy ups dividend as it clinches increased capesize earnings
Nasdaq-listed owner of 18 large bulkers intends to ‘vigorously defend’ itself against Economou lawsuit
United Maritime adds third bareboat-chartered bulker amid dry bulk optimism
Within February the Nasdaq-listed owner has agreed a sale-and-leaseback transaction for another of its existing vessels
BHP sees India continuing to drive iron ore, coking coal demand
BHP forecasts a small further improvement in global steel production with growth led by India, Southeast Asia and to a lesser extent China over the next two years
Precious Shipping sees ‘extreme volatility’ ahead for shipping market
Fiscal and monetary stimulus by governments could boost the markets, as could a better steel sector, easing of financial conditions in China, and better-than-expected US economic growth, while a low orderbook will help reduce supply-side pressure
Bauxite trade helps capes counter seasonality
While an improved iron ore trade has helped capesize rates, continued strength in bauxite trades has been a more substantial factor, Jefferies analysts say
Seacon balances management services with controlled fleet growth to 29 ships
Chinese shipmanager also has an orderbook of another 13 newbuildings
Seanergy plots largest buyback yet along with ATM funding
New programme authorises up to $25m in share repurchases over the next two years
Capesize earnings hit 18-month high
Capesize earnings have hit an 18-month high, according to Baltic Exchange data, reaching $31,671 per day. Iron ore exports in both basins supplemented with bauxite exports from West Africa have supported rates, Jefferies says
Seanergy eyes ‘best fundamentals’ for capesizes in three decades
Nasdaq-listed owner is projecting a significant increase in average rates for its fleet for the fourth quarter
Monjasa buys panamax as floating bunker storage
Monjasa said its fleet now consists of 13 tankers following the purchase of four secondhand vessels this year
Capesize rates plummet below $20,000 per day
China’s improved conditions and the issuance of new sovereign bonds may bring better outlook for the dry bulk sector, analysts said
Higher Indian coal imports could boost capesize trade
Capesize rates could continue to rise until the end of the year on the back of falling coal inventories at Indian power plants
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