Dry Bulk
Stay informed with the latest news, analysis, and market insight for the dry bulk shipping industry through our expert coverage
Baltimore bridge collapse blocks key US coal gateway
The latest shipping chokepoint to emerge — the collapsed bridge in Baltimore — is particularly relevant to the coal trade. It will require exporters to find new terminals and buyers to consider new sources
The Lloyd’s List Podcast: How long can Ukraine keep its grain corridor open?
Ukraine’s Black Sea corridor is an undeniable success. Ships are sailing into and out of Ukraine outside of an international agreement and most importantly without direct Russian interference. It is a critical route for grain export and many countries besides Ukraine have a vested interest in its continued operation. Ukraine says the military is key to the corridor functioning. This week we discuss how true this is, and whether or not a lack of military aid could really result in the route’s closure
Bulk carrier values strengthen on robust earnings
Last month there were 33 capesize sales concluded compared with just nine in February 2023, according to Veson dry cargo analyst
Dry bulker party lacks conviction without China tailwinds
The drop in commodity prices seems to suggest slowing demand. Data also shows China’s steel exports and coal imports have seen a notable decline since March
Surge of secondhand capesize deals triggered by 14-year peak in earnings
Greek owners identified as leading buyers with one-third of capesize purchases this year, as well as ranking first alongside Chinese owners for supramax buys
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
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