Dry cargo market report dated 5 April 2024
09 April 2024Capesize: The Capes started the week off slowly but gradually gained momentum.
Showing 101 - 110 of 200
Capesize: The Capes started the week off slowly but gradually gained momentum.
Capesize: The week started positively for the capes, especially in the Pacific, where rates saw a slight increase.
Capesize: After a slow beginning to the week, the Capesize market experienced a surge on Wednesday with a rise of over $2,500 in a day on its five timecharter routes average.
Capesize: Results from Rio Tinto and BHP disappointed this week, but there was hope that with China reopening it would lead to more cargo.
Capesize: The Capesize market is going through a rough period as trading pushed valuations into untenable sub-operating expense territory over the week. The Capesize 5TC dropped -$2,854 week on week to finish at $3,413.
Capesize: The Capesize market traded sideways this week as the 5TC closed at $10,302, an improvement of +1384 over the week. 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 number of guidelines are up for adoption at the 78th session of the Marine Environment Protection Committee (MEPC) at the International Maritime Organization’s (IMO) headquarters in London. BIMCO will be attending the meetings taking place 6 – 10 June 2022.