ING is expecting uneven performances of the main shipping sectors this year despite an overall strong rebound in global seaborne trade. In its outlook, the Dutch bank forecasts a 6% […]
Forward freight agreement deals done in the past 24 hours point towards a very bullish outlook for the dry bulk sector throughout 2021. “Yesterday proved another day apt to change […]
The Baltic Dry Index has risen above the 2,000-point level for the first time in five months, signalling that sentiment in dry-bulk markets is riding high once again. The index […]
For January and February 2021, official Chinese figure for coal production of 617.6 MMT, is up 26.3% and 20.2% on the comparable months for 2020 and 2019. The rise in […]
Dry bulk shipping’s capesize sector continues to rise amid China’s ongoing building boom, despite government plans to lower steel output for carbon-reduction goals. The capesize 5TC, a weighted average of […]
Heavy rains at the end of January into February has delayed Brazil’s soybean harvest and disrupted logistics causing the worst congestion in Brazil’s grain ports for some years. With virtually […]
Thus far in March, benchmark Supramax spot rates have averaged USD21.3k/day and is up a staggering 178% from an average of USD7.7k/day in March 2020 – the strongest March since […]
US-listed dry bulk shares surged 61% in the first two months of this year, nearly doubling the 31% average gain for the 32 shipping stocks under coverage of investment bank […]
A chorus of US analyst voices is singing an “amen” behind Jefferies’ view that dry bulk shares still have some room to run in 2021 despite appreciating more than 60% […]
Brazilian soy shipments this month should reach 15 million tons, which could establish a new record for a month, according to the maritime agency Cargonave, considering the 250 ships in […]
