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Dry Bulk Shipping - Recent very tough times in the dry bulk markets are likely to improve gradually, as the downward over-shooting of rates is corrected

11 April 2012

There is no doubt that it takes time from when commodities are bought and transportation fixed and executed to the cargo being landed at the buyer’s desired port of discharge. There’s also no doubt that buying activity for staple cargoes such as coal and iron ore was hectic during the final months of 2011.

Dry Bulk Shipping - An unpleasant endurance race has begun for dry bulk owners, as healthy demand is overwhelmingly outstripped by oversupply

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.

Record recycling activity stirs optimism in dry bulk

21 September 2011

In absolute numbers, 2011 is going to be the new Number 1 in terms of the greatest amount ever of dry bulk tonnage leaving the fleet to be recycled. We are on course for more than 20 million DWT to be demolished, with the potential of reaching 25 million if owners continue to be attracted by the relatively high demolition rates and freight rates fail to improve significantly through the remainder of the year.

Dry Bulk Shipping - All eyes on Brazilian iron ore exports, as we await the long-anticipated lift in freight rates

15 August 2014

The freight market, which performed so well in Q1, has certainly not delivered in the past 4 months. BDI has dropped from 1,621 on 20 March to hit 747 on 29 July. Panamax ships have not been above USD 10,000 per day since 20 February, and below USD 5,000 per day for most of June and July. BIMCO expected challenging market conditions, also for Panamaxes, but rates below USD 5,000 per day were an unpleasant and unexpectedly low level.