The capesize market is pulling back from the highest rates in seven years on fears that China may take a tougher stance on Australian commodity imports after it walked away […]
New York-listed bulker owner Eagle Bulk Shipping reported its best time charter equivalent (TCE) rates in more than a decade in the first quarter and is on pace to better […]
Charterers will be soon looking to fix bulkers for periods of at least three years, the founder of US-listed Safe Bulkers predicted on Thursday. The company keeps a considerable part […]
Something spooked the futures market for capesize bulk carriers on Thursday, sending traders scrambling to stop their losses. Capesize forward freight agreements (FFAs) for May fell by more than $3,600 […]
The Baltic Dry Index has reached its highest level since the 2010 soccer World Cup kicked off, on the back of an ever-strengthening capesize market. The index, which provides an […]
A lack of orders for new ships is providing further support to the dry bulk freight market as demand for commodities accelerates, a senior executive at US agribusiness giant Cargill […]
Capesizes are commanding $40,000 a day, helping propel the Baltic Dry Index past the 3,000 mark for the first time in more than a decade, with many analysts suggesting the […]
Spot rates for capesize bulkers have surpassed the $40,000 per day level, leading equities analysts to upsize their expectations for the sector this year. Baltic Exchange panellists on Friday added […]
The Baltic Dry Index (BDI) has crested the elusive 3,000-point mark during a months-long rally in dry-bulk shipping that has been driven mostly by China’s bottomless appetite for iron ore. […]
Railway construction and tunnelling works have commenced around the Simandou iron ore project in the southeast of Guinea, a mine in west Africa which is set to reshape global iron […]
