06-10-2021 Capes back in $100,000 a day territory, By Sam Chambers, Splash
It’s turning into a Golden Week unlike any other for the capesize trades. With China meant to be on holiday, traders might have been forgiven for thinking they could take […]
SHIPPING NEWS
06-10-2021 Baltic Capesize Index breaks 10,000 points in sizzling dry-bulk market, By Michael Juliano, TradeWinds
The Baltic Capesize Index has broken the 10,000-point barrier for the first time in 13 years, adding another record statistic to a capesize bulker market that is red hot. The […]
06-10-2021 Capesize with Australian coal unloads in China — but don’t expect import ban to end, By Holly Birkett, TradeWinds
A capesize bulk carrier has unloaded Australian coal in China, according to vessel tracking data. The discharge would have been unremarkable prior to 2020 but are rare since China instated […]
05-10-2021 ‘Popped eyeballs and nosebleeds’: capesize freight futures rocket, By Holly Birkett, TradeWinds
The market for capesize freight derivatives exploded on Tuesday, with front-month contracts rocketing by as much as 14% over the course of the day’s trading. After a positive day of […]
05-10-2021 Hajioannou vindicated as Safe Bulkers fixes capesize for up to four years, By Harry Papachristou, TradeWinds
Greek-Cypriot owner Polys Hajioannou predicted five months ago that towards the end of 2021 charterers would be looking to fix bulkers for at least three years. His forecast is beginning […]
05-10-2021 Capesize bulker rates break $80,000 per day amid supply crunch, By Michael Juliano, TradeWinds
Spot rates for capesize bulkers have broken yet another threshold unseen since 2008 in a runaway market that shows no signs of slowing down. The capesize 5TC, a spot-rate average […]
05-10-2021 India follows China in reporting extreme coal shortages, By Sam Chambers, Splash
China’s extreme shortages of coal, which powers around 70% of the national grid, have been making plenty of headlines in recent weeks. The same story is unfolding in neighboring India, […]
05-10-2021 Dry bulk: China reportedly unloading a small number of Australian coal cargoes, DNB Markets
According to the Financial Times, China has reportedly begun to unload a small number of Australian coal shipments to alleviate the ongoing energy shortage, with energy research company Kpler stating […]
05-10-2021 China imports thermal coal from Kazakhstan using capesize bulker, By Irene Ang, TradeWinds
China Zhejiang Province has turned to Kazakhstan for thermal coal for the first time. The power crunch province has imported 136,000 tonnes of premium coal from the landlocked country in […]
05-10-2021 Record year for containership newbuilds as orders stack up, By Ian Lewis, TradeWinds
The volume of containership contracting this year has exceeded all previous records. An ongoing surge in orders has seen about 470 units with a total capacity of 3.9m teu contracted […]
