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.
Coal demand resurged in 2022, almost surpassing its all-time peak in 2013, which has led many to question whether coal truly is dying. As one of the three major bulks, accounting for around a quarter of bulker demand, future coal demand is one of the key factors guiding the dry bulk sector in the coming decades, and a main driver of investment decisions.
This weeks amount of Dry Bulk contracting amounts to more than 35% of all Dry Bulk orders placed in 2016. The weekly newbuilding report by Intermodal Research & Valuations feature, include newbuilding prices for dry bulk-, tanker- and gas shipping segments. Additionally, recent newbuilding orders are listed by units, type, size, yard, expected delivery date and price.
Panamax: The positive trend from last week did not continue, with both basins showing signs of softening since Tuesday. BIMCO will no longer publish daily market reports. Going forward, a weekly dry bulk market report will be published, providing members with a summary of the market and highlighting weekly movements of the Baltic dry indices and average dry bulk earnings.
On Friday 24 February, one year will have passed since Russia’s invasion of Ukraine. During that year, dry bulk exports from Ukraine have dropped 77.8% compared to the same period a year earlier, causing a decline in global dry bulk volumes. Seaborne exports have been restricted to agricultural goods and even those have been limited.
Read the latest digest of maritime security incidents.
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