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Capesize: The capesize market experienced a varied week with distinct developments in both the Pacific and Atlantic regions.
Capesize: For the first half of the week, the market faced subdued activity, particularly in the Pacific with a slight downward movement on rates on C5.
Capesize: The week began with an encouraging start in the Pacific market, marked by positive sentiment and a notable increase in volume with several tenders and operator-controlled cargoes, leading to a market increase of approximately 90 cents on C5.
Capesize: The week in the capesize market concluded with a continued trend of declining rates.
Capesize: The Pacific market this week was marked by overall sluggishness, experiencing limited activity.
Crude oil and product tanker markets alike have faced high volatility in recent weeks and months, largely due to geopolitics and the constantly evolving situation in the global oil markets.
Capesize: The Capesize market struggled to hold its value this week as rates ebbed away across all routes. 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.
A “Power panel” debate on the dry bulk and oil tanker shipping markets, including the 2020 global sulphur cap experiment. Sign up here
BIMCO’s Chief Shipping Analyst Peter Sand, will be speaking at the Bloomberg Intelligence (BI) Webinar on 23 May 2017 at 10:30 (15:30 GMT).
