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Dry Bulk

Capesize futures point to correction as trading volumes jump

Steep backwardation into next year could be a sign of an impending correction, although the first quarter tends to be the weakest in any case. The timing and extent of the fall is debatable, however

Dry Bulk Capes

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

Dry Bulk China International
Market Insight

Capesize spot rates slide on few prompt iron ore enquiries

The energy crisis afflicting China and other countries has led to factories shutting down amid power shortages, which means less iron ore demand. This may continue through the winter

Dry Bulk Capes

Capesize futures point to correction as trading volumes jump

Steep backwardation into next year could be a sign of an impending correction, although the first quarter tends to be the weakest in any case. The timing and extent of the fall is debatable, however

Dry Bulk Capes

Eastern Pacific Shipping acquires VLOC duo from Cara Shipping

Move is significant as it illustrates a shift towards capesize and larger vessels. The company is expanding its bulker fleet with bigger types of newbuildings and secondhand ships as it exits the supramax and handysize carrier category

Singapore Dry Bulk

Capesize daily rates breach $80,000 on tonnage tightness

Biggest increase seen in the C9 northern Europe/Mediterranean to China/Japan route, which settled at $113,700 per day at the close on the Baltic Exchange

Dry Bulk Capes

Belships extends expansion with two supramaxes

The new vessels will take the firm’s fleet to 29 supramax and ultramax bulkers, with an average age of four years 

Dry Bulk Ultra and supras

Daily Briefing October 4 2021

Venezuela expands deceptive shipping practices to bolster Asia crude exports | The BDI: Back to 2008, but in a good way | Do the economics of carrying boxes on bulkers stack up?

Daily Briefing International

Capesizes break $75,000 ceiling after small blip

Tonnage tightness adds to freight rate gain after nervousness briefly took hold following a fatality at an Australian mine

Dry Bulk Capes

Can China do without coal imports from Australia?

Power shortages show the need for seaborne imports as domestic prices of thermal coal have reached a 10-year high. But with limited options from which to source the raw material, lifting the ban on Australian coal would be an easy solution

China Australia

Capesize daily rates leap to almost $75,000

Given the steep rise in rates in recent weeks, observers wonder if the market could run up to the $100,000 per day mark

Dry Bulk Capes

Daily Briefing September 28 2021

Tanker futures show freight rate rally on hold | Tanker market may gain from LNG's price pain | Political pledges require detailed decarbonisation delivery | Capesize rates continue to soar

Daily Briefing International

Capesize rates continue to soar

Bullish sentiment over dry bulk continues to dominate, prompting several owners to remain exposed to the spot market, although seeking cover through the traditional weaker first and second quarters of the year

Dry Bulk Capes

China’s overseas coal power retreat not a threat for bulkers

China’s policy is unlikely to change much in the short to medium term, but it is likely to accelerate the decline of seaborne coal volumes in the longer term, according to analysts

International China
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