28-04-2021 Dry bulk on a high, Lloyd’s List
Dry bulk owners were understandably feeling high-spirited this week. With the orderbook at historic lows, rebounding demand for minor bulks and coal as well as steady growth in iron ore […]
SHIPPING NEWS
27-04-2021 Goodbulk warns shipowners to learn from their biggest mistake: oversupply, By Holly Birkett, TradeWinds
The bull run for bulker markets could last for years to come — if shipowners can resist ordering new vessels, according to GoodBulk’s chief executive. John Michael Radziwill told TradeWinds […]
27-04-2021 Dry bulk: China set to release more import quotas ahead of summer peak, DNB Markets
According to industry sources, China’s National development and Reform Commission has reportedly started directing custom authorities to release more import quotas. The development follows recent news on a potential shortage […]
27-04-2021 Bulker stocks lead strong week for US-listed shares as Baltic index climbs, By Joe Brady, TradeWinds
An 11-year high in the Baltic Dry Index (BDI) had a quick impact on US-listed bulker stocks, helping shipping reverse two weeks of losses. Bulker shares under the coverage of […]
22-04-2021 The Big Picture: Grain trade, Braemar ACM Research,
Keeping up the momentum Grain loadings in South America are finally ramping up, bolstering Panamax freight as the US’ presence starts to wane. This should help to sustain demand through […]
22-04-2021 Capes party like it’s 2008, By Sam Chambers, Splash
Capesize freight rates are firing, propelling the Baltic Dry Index to 10-year highs with capes at their highest seasonal level since 2008 – the final few months of dry bulk’s […]
22-04-2021 Capesize rates increase by 10% in a week, By Inderpreet Walia, Lloyd’s List
Freight rates for Capesize bulkers in various trades have risen to their highest levels since last October, with continued cargo flows from Brazilian and Australian miners supporting the recent rally […]
21-04-2021 Baltic Dry Index hits 10-year high off lofty Capesize spot rates, By Michael Juliano, TradeWinds
The Baltic Dry Index (BDI) reached its highest point in more than a decade, breaking 2,700 points for the first time since October 2010. The BDI came in at 2,710 […]
21-04-2021 Tanker, bulker and container markets: ‘this time it’s different’, By Gary Howard, Seatrade
The recovery of shipping markets after the COVID-19 pandemic will be unlike the post-economic crisis recovery, according to multiple shipping analysts. Speaking at an ask the analyst session at the […]
21-04-2021 China crude steel production over Q1 grows 15% YoY & economic indicators strengthen, Braemar ACM Research
Chinese crude steel production totaled 94 MMT in March, rising 19% YoY and marking the second highest monthly total on record. This brings production over Q1 to 269 MMT, up […]