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Türkiye’s bulk exports fall significantly after earthquakes
Geared bulkers are lifting more products in Egypt heading to West Africa, which bodes well for Atlantic trades given the ballasting opportunities to South America for grain loadings
Russia’s bulk exports to Europe drop 60%
Biggest percentage drop for bulk carriers arriving in Europe after leaving Russia was seen in Sweden, Portugal and Denmark, with noticeable drops in the Netherlands, Germany, France and Spain, data shows
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
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 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
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 market failing to inspire
Hopes of a post-Chinese New Year boost fail to materialise with capesizes bearing the brunt of the losses, while sub-capesize segments in limbo trading in the $7,000 per day range mainly due to conflicting signals
Asia to drive coal import demand
While demand from Europe may be low right now, Asia will suck in more volumes, with suppliers looking to maximise output. The continued shake-up in coal trades should lead to tonne-mile growth this year, benefiting mid-sized bulkers
Soyabean trade to lift demand for panamaxes
Panamaxes should benefit from higher soyabean exports out of Brazil, while demand for smaller-sized bulk carriers will be hurt by much lower sorghum volumes from the US
Sub-capesizes end the year rangebound at lower levels
Handysizes to panamaxes have shed value through the month, with average daily spot rates ending the year in a $11,000-$14,000 range, as activity dwindles ahead of the holidays and amid an uncertain economic outlook
Capesize market ends 2022 on strong footing
In a surprise move, spot prices moved up over $20,000 per day, with the front months edging higher. But how long can this be sustained?
Capesize market lifts off
The scaling back of China’s draconian Covid policies has bolstered sentiment in the capesize market. What is more, higher iron ore activity from Brazil and Australia ahead of the holidays has led to a rise in spot rates to the highest level in two months
Baltic Exchange considers updating supramax index to reflect size and trade shift
The London-based exchange held a working group to discuss the possible changes to a larger sized vessel in response to feedback. Potential changes to routes and weightings were also on the agenda
Jinhui Shipping profit suffers amid softer freight rates
Company said congestion and disruption issues are likely to continue in some countries and regions for the foreseeable future
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