13 December 2011
While the workhorses in the Panamax and Supramax segments performed in line with the BIMCO forecast – hovering around USD 15,000 per day – Handysize vessels performed slightly worse than expected, tipping their toes just South of the USD 10,000 per day. On the very positive side,
14 August 2015
The demand for coal in China continues to diminish. So much in fact that India is expected to succeed China as the world’s largest importer of coal this year.
24 June 2015
The dry bulk market has been devastating so far in 2015. However, June has somehow reversed it all in less than three weeks if judged by the Baltic Dry Index (BDI).
21 June 2011
The healthy demand picture of some 6% demand growth is what keeps the dry bulkers afloat. Despite the multiple disruptions that have already taken place, we see growing demand for almost all commodities. This has certainly prevented a meltdown of freight rates. Many people expected the current doldrums already last year, but extremely strong demand growth in 2010 postponed the hardship into 2011.
16 June 2015
The market conditions are devastating and volume growth in 2015 on key trades is negative. The lack of coal imports into China is taking centre stage, and lost volumes are difficult to make up elsewhere.
24 January 2011
The current weakness in the Capesize segment will not go away any time soon. Capesize rates have defied gravity on the back of strong demand for particularly coal
15 February 2011
Since the latest peak in Baltic Dry Index (BDI) on 10 September at 2,995 – dry bulk earnings have known only one way – and that is down. At the end of January.
13 April 2010
A strong Chinese steel market is set to cushion the flood of new Capesize vessels entering the dry bulk fleet
13 March 2015
How bad can a market be? Extremely bad if you look at the dry bulk shipping market since early December 2014.
22 April 2010
US President Obama has issued an Executive Order with the heading “Blocking Property of Certain Persons Contributing to the Conflict in Somalia”, which could have an impact on the possibility for paying ransom under some circumstances. The situation is not clear and perhaps some ship owners will consider how to address this situation before transiting the Gulf of Aden and the Somali Basin. On that background, we hereby include an updated version of our calculations regarding the cost part of the decision to go round the Cape of the Good Hope.