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Life after death in the Sales & Purchase markets

14 November 2010

Following the ultimate Sales & Purchase peak in 2007 where vessels valued at USD 40 billion were traded, the last 4 months of 2008 and most of 2009 were comparable sinkholes. Now the secondhand markets are on the rise again and on course to hit a total sales value of USD 20 billion for the full year comprising the three main segments, dry bulkers, tankers and container ships. This represent a rise in sales value equal to almost 60% y-o-y, up from USD 12.7 billion in 2009. With only 10% more ships traded – the secondhand value of the fleets have considerably surged.

Road to recovery

25 January 2017

In 2016 the dry bulk shipping sector experienced some of the worst market conditions in history. In response, BIMCO produced a unique analysis model, named "Road to Recovery" to highlight actions needed for the struggling shipping markets to recover - and to track their progress.

Dry cargo market report dated 11 February 2022

14 February 2022

Capesize: There was positive sentiment throughout the dry freight sector this past week, including Capesize, as traders returned from Lunar New Year holidays. Activity was clearly seen to be elevated as the Capesize 5TC rose +5095 over the week to close on a mild Friday at $15,397. 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.

Dry cargo market report dated 5 November 2021

08 November 2021

Capesize: The Capesize market has endured another difficult period of sliding rates as the 5TC sustained losses week-on-week of -8866 to close out at $27,199. 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.

Polish Szczecin is top bulk terminal in new BIMCO report

18 January 2019

The best performing port, in BIMCO’s Dry Bulk Terminals Vetting Report 2018, is Szczecin in Poland. The report collected input from 144 ships covering 381 terminals. A total of 97% of the reports were rated as average or better, which gave an average rating of 3.6 (out of five). The result is a marginal better than last year’s results.