Dry cargo market report dated 9 February 2024
13 February 2024Capesize: The capesize market started the week with a cautiously optimistic tone despite sluggish overall activity.
Showing 81 - 90 of 200
Capesize: The capesize market started the week with a cautiously optimistic tone despite sluggish overall activity.
Capesize: The Pacific market started with a positive outlook, maintaining healthy cargo volumes driven by substantial coal shipments from East Coast Australia to the Far East. Rates initially increased, but as the week progressed, a notable shift occurred. Owners began contemplating ballasting towards the Atlantic, creating additional pressure in the Pacific market.
Capesize: The Pacific market this week was marked by overall sluggishness, experiencing limited activity.
Capesize: In the Pacific, the week started with a relatively calmer tone compared to the previous week.
Capesize: This week the market saw a slow start, with a healthy supply of tonnage in the Pacific and limited enquiry, particularly from East Coast Australia to China.
Capesize: The market continued to lurch its way upward as rates strengthened in flurries with numerous drawdowns along the way.
Capesize: The Capesize market had to contend with volatile bunker concerns once again as the 5TC lost $5956 week on week to close at $15,648.
Capesize: The Capesize market struggled to hold its value this week as rates ebbed away across all routes. 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.
Capesize: The Capesize market peaked mid-week from its recent rally as the 5TC marked down -$1344 on the last day of the week to settle at $40,035. A tonnage tightness in several positions, particularly in the north Atlantic, led to gains early on in the week. 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.
BIMCO's Manager, Maritime Safety & Security, Jeppe Skovbakke Juhl, will be a speaker in Session 2 on decarbonisation and digitalisation.