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Indian sub-continent markets remain positioned on a largely firm footing, as a surprising shortage of tonnage keeps demand stuck high and prices propped up. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
Panamax: A tepid week for the Panamaxes with limited activity, resulting in softer rates overall as weaker sentiment kicked in. 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.
The Suez Canal blockage, COVID-19 cases shutting down the world’s third busiest container terminal of Yantian, record low carrier schedule reliability, growing congestion across North Europe, and chronic vessel space and equipment shortages. The disruption is also flowing downstream and impacting short-sea shipping and inland logistics providers. The panel will discuss what must change within the Asia-Europe supply chain before any normalisation can occur.
Panamax: A contrasting week for the Panamaxes with the Asian basin proving to be broadly Indonesia centric, as a host of cargoes helped some rates to benefit. 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.
As the Bangladeshi market surpasses the previously unreachable threshold of USD 600/Ton, the supply of tonnage appears to have dried up once again as the summer / monsoon holiday months continue at pace (& Eid holidays conclude this week). The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
Panamax: A week of declines for the Panamax market in all basins as the gains seen in recent weeks began to erode. 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.
Supramax: A lacklustre feel from most regions this week, as little fresh enquiry combined with a build-up of open tonnage resulted in easing of rates. 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: There was a turning of the tide this week as rates initially rallied robustly before negative sentiment settled in to see rates plummet from midweek. 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.
Demo markets continue their upward trajectory this week and the USD 600/LDT barrier, as suspected last week, was indeed breached on a number of select units. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
Sub-continent markets continue to fire on during the summer / monsoon months, as firmer steel plate prices and an increasing lack of available tonnage has invariably pushed sub-continent offerings on to previously unthinkable levels. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
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