Dry cargo market report dated 19 April 2024
22 April 2024Capesize: The Capesize market witnessed an eventful and generally positive week.
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Dry cargo market report dated 10 November 2023
14 November 2023Capesize: The week began with an encouraging start in the Pacific market, marked by positive sentiment and a notable increase in volume with several tenders and operator-controlled cargoes, leading to a market increase of approximately 90 cents on C5.
Dry cargo market report dated 4 November 2022
07 November 2022Capesize: The past week has had a negative trend overall, but closed up by the end. The average of the 5 Capesize time charter routes closed the week at $11,139, slipping $2,713 week-on week.
Indonesian coal exports jump 11.5% to second-highest level on record
24 March 2022Due to supply concerns at domestic power plants, Indonesian authorities banned coal exports during January 2022, removing around 30% of global coal volumes from the bulk market as a result. This caused Newcastle coal futures to increase by more than a third and added strain on coal inventories across Asia. The ban was lifted in February.
Dry cargo market report dated 2 September 2022
06 September 2022Capesize: The Capesize market continues to struggle as demand for iron ore remains weak. Vessels in the Atlantic have had difficulties finding cargo, while those available have been fought over with prices diving as a result.
Tanker Shipping - Record high global oil demand not enough to create sustainable rates.
09 October 2011Global oil demand has never been higher, despite recent revisions. Demand is driven by growth in Asia, the Middle East, Latin America and FSU, while requirements in North America and EU are contracting in 2011 as well as in 2012. The IEA has revised down its demand outlook by 0.2 million barrels per day (mb/d) for 2011 to reach 89.3 and by 0.4 mb/d for 2012 to reach 90.7. Growth outlook now stands at a modest 1.1% in 2011 and 1.6% in 2012.
Dry cargo market report dated 27 May 2022
31 May 2022Capesize: This week, the tailwinds turned to headwinds for the Capesize market as a dip in values amongst bearish sentiment was evident for most regions.
Dry cargo market report dated 13 May 2022
17 May 2022Capesize: The Capesize market had the wind in its sails as rates jumped in all regions. The 5TC ended the week at $32,733, a rise of 8731 week on week.
Dry cargo market report dated 04 March 2022
08 March 2022The Capesize market had a mild trading range this week hitting a high of $15,258 and a low of $13,414 to settle Friday at $13,560. While events in Europe have been disruptive, the trading activity was generally back to normal this week as most shipping routes are business as usual - albeit without the Black Sea trade routes.
Dry cargo market report dated 10 September 2021
13 September 2021Capesize: The Capesize market staged a dramatic turnabout at weeks end after seeing several days of value eroded off each route in the market. 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.
