Dry cargo market report dated 8 March 2024
12 March 2024Capesize: Throughout the week, the capesize market experienced shifts in sentiment and activity.
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Dry cargo market report dated 11 August 2023
14 August 2023Capesize: The week started with the usual slow pace on Monday, but it quickly picked up momentum.
Dry cargo market report dated 19 May 2023
22 May 2023Capesize: Overall it has been an active week for the capes, with a healthy volume of enquiry in the Pacific.
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27 February 2018Learn more about BIMCO’s new sale and leaseback term sheet
19 November 2020BIMCO has published SHIPLEASE, a new standard term sheet for sale and leaseback transactions which will be presented at a series of free seminars in the coming months. We will start with two online seminars and, as soon as the situation allows, live networking seminars will be planned in Asia, Europe and USA.
Dry cargo market report dated 24 March 2023
27 March 2023Capesize: The Capesize market declined early in the week without much support from either of the basins.
Dry cargo market report dated 19 August 2022
22 August 2022Capesize: The Capesize market continued to soften this week leaving little ambiguity about the state of the market as the 5TC posted at a low of $6,267 on Friday. While the Pacific rates have already been bottoming out in recent times, the Atlantic trade routes were the movers this week shedding value as hopes of a trend-bucking rally diminish.
Crude oil tonne miles out of the Gulf of Guinea down 5.9% so far in 2022
22 September 2022Gulf of Guinea crude oil exports have year-to-date contributed 13.7% of VLCC’s tonne miles demand and 16.5% of Suezmaxes. A 13.5% y/y drop in Nigerian year-to-date crude oil output has been the main drain on demand and caused a 5.9% decline in tonne miles. A further decline in Gulf of Guinea exports can be expected from mid-2023 when Nigeria’s Dangote refinery begins operation – requiring a sizeable portion of the country’s crude oil – and possibly add to rate volatility.
Dry cargo market report dated 17 September 2021
21 September 2021Panamax: A strong week for the Panamax market, principally for the Atlantic basin, with a good replenishment of mineral cargoes seen all week versus a limited tonnage list. The weekly dry bulk market report contains a summary of the recent movements in the market, alongside the latest figures for average dry bulk earnings and Baltic Dry Indices.
