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Dry Bulk
Dry bulk edges towards rebalance
The brokerage’s research team says that vessels taken offline for scrubber installations should reduce fleet growth by 1% on average through this year
Soyabean trade weakness persists
Clarksons expects no growth this year in soyabean trade, with a 4% rise predicted in 2020
Market Insight
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Latest From Capes, Handies, Panamax & Ultra and supras
Dry bulk market to enter a new era of sustainability says BHP
BHP estimates IMO 2020 to add between $1–$2 a tonne to Western Australia–China freight and $3–$4per tonne to Brazil–China
BDI bounces towards new highs
Capesize segment bustles on iron ore trade, while panamaxes are enjoying their run mostly from split stems from the capesize market
Thoresen Thai posts lower second-quarter profit
The company expects the Baltic Dry Index to continue its upward trend for the remaining quarters of the year
Equity Watch
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Latest From Diana Shipping Inc, Golden Ocean, Safe Bulkers, Scorpio Bulkers & Star Bulk
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
Diana improves revenue despite shedding five ships
The Greece-based owner posted a net loss of $1.3m for the second quarter of the year, but achieved higher average rates for its vessels
Scorpio Bulkers reports second-quarter profit boost
Company’s president Robert Bugbee tells analysts that its net asset value is rising because the rates fixing currently will lead to ‘very positive cash flow’
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