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Dry Bulk

Dry Bulk

Stay informed with the latest news, analysis, and market insight for the dry bulk shipping industry through our expert coverage

China’s unexpected PMI drop underlines uncertainties for dry bulk

Construction activity was supported by infrastructure spending

China Dry Bulk Political and Trade

Latest Articles

Market Insight

Cheap Russian diesel goes global, expanding shipping routes

Russian diesel, once destined for Europe, now shipped to Türkiye, Brazil, northern Africa and Middle East at substantial discount, with longer voyages and profits from arbitrage trades boosting product tanker utilisation and earnings

Sanctions Tankers and Gas

Fredriksen and International Seaways trade barbs ahead of annual meeting

Ahead of  International Seaways’ annual shareholder meeting and just over a year after its board adopted a ‘poison pill’ to block billionaire John Fredriksen from crossing an ownership threshold, tensions remain high between the company and its largest shareholder

Finance United States

Dark fleet operator Gatik reflags four tankers with Mongolia

Having been deflagged and removed from P&I cover because of its involvement in moving Russian oil, the world’s largest operator of dark fleet vessels, Gatik Ship Management, has turned to landlocked Mongolia to keep at least four of its tankers in business

Sanctions Political Risk and Trade

Toro profits from tanker sales

Nasdaq-listed owner continues to aim for growth and diversification

Tankers and Gas Sale and Purchase

Suezmax scarcity to secure ‘a very interesting market’ for Nordic American Tankers

Nordic American Tankers expects the strong market for suezmax tankers to continue in the coming years, on the back of longer voyages and limited fleet growth

Tankers and Gas Finance

Norden chief eyes capesize expansion

Several factors have prompted the Danish shipping company to move back into the largest size of bulkers, including offering more services to customers in response to their needs and tapping into the growing bauxite trades from West Africa to China

Dry Bulk Capes

Capesize rates float up to six-week high

Higher spot rates expected in coming weeks on increased volumes of iron ore from Australia and Brazil as well as a bauxite push from West Africa before the rainy season hits

Dry Bulk Capes

Oil production cut not expected to derail tanker boom

Long-term fundamentals remain firm given the absence of a severe global recession. Current VLCC time charter rates are said to be not sufficient to spur owner’s ordering appetite

Tankers and Gas Shipbuilding

Capesizes return to profit-making territory

Capesize rates are up 679% since mid-February to their highest level this year, as optimism about China’s prospects amid low fleet growth abounds 

Dry Bulk Capes

Bulk freight market sees firm lift

China’s latest PMI data points towards a faster-than-expected recovery. This helped to boost iron ore prices and in turn capesize spot rates, which have almost quadrupled

Dry Bulk Capes

Dry bulk should see healthy rates this year, says Braemar

Capesize lift should come in a few months as China’s industrial output ramps up following its zero-Covid policy, says shipping analyst Alexandra Alatari

Dry Bulk International

Capesize owners not looking at lay-ups

Owners polled by Lloyd’s List say their ships are employed at premiums to the spot benchmark. Idling vessels is not on the cards as a recovery was most likely around the corner

Dry Bulk Capes
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