Dry cargo market report dated 12 January 2024
15 January 2024Capesize: The capesize market concluded the week on a relatively sombre note.
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Capesize: The capesize market concluded the week on a relatively sombre note.
Whether the phase out of single hull and non-double hulled tankers becomes massive in 2010 or at the latest stage in 2015 does not really matter to the market.
Capesize: The Capesize market faced a challenging week characterised by significant fluctuations.
Capesize: The capes started the week on an upbeat note. All three majors were active in the market at the beginning of the week, resulting in a healthy volume of cargo from West Australia to China.
The outbreak of the novel Coronavirus has dented market sentiment and spooked markets around the globe. When China sneezes, we all catch the flu. This especially holds true for the commercial shipping markets, which remain heavily reliant upon China, both on the import and export side.