BIMCO revises 2020 forecast for main shipping markets
18 March 2020The coronavirus pandemic is impacting global shipping demand for 2020 negatively.
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The coronavirus pandemic is impacting global shipping demand for 2020 negatively.
Join Peter Sand as he provides his latest dry bulk outlook at the INTERCEM Shipping Forum in Málaga, Spain on 21 January 2020.
2014 started with plenty of optimism for a considerably better global economy and an improved shipping market. Things turned out somewhat differently.
Capesize: The Capesize market observed a shortened trading week due to the public holiday in the UK on Monday and another in Singapore on Friday.
Capesize: Throughout the week, the Capesize market experienced mixed dynamics.
The oil market has recently been shaken up by geopolitical events, but volatility in the price difference between low and high sulphur fuel cannot be explained by that alone – the uncertainty is the chaos factor.
Demolition prices have been on the rise since late last year and recently reached the same high levels seen in the beginning of 2012. In two of the major demolition markets, India and Pakistan, the positive development started around October 2013 after a year of more or less status quo. In China, also a large market for demolition, development has been the opposite, with slowly declining prices since the beginning of 2013.
Capesize: The Capesize Baltic index returned from year-end holidays this week and immediately saw activity coming from the usual West Australia iron ore flow. 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 activity on the demolition market is off to a good start in 2015 when looking at dry bulk tonnage.