10 June 2021
The container and dry bulk shipping industries are breaking new records left, right and centre it appears, resulting in dry bulk owners enjoying unseasonably high profits, and container shipping carriers and tonnage providers delivering record high profits.
01 June 2021
Demand drivers and freight rates
The first four months of 2021 have been record-breaking in volume terms, with demand reaching 1.69 billion tonnes – the highest-ever start to a year. Volumes are up 6.1% compared with the same period in 2020, and only slightly down from the 1.72 billion tonnes in the final four months of 2020.
17 March 2021
In the first two months of 2021, Brazilian iron ore exports have risen by 9.1% to 53.0m tonnes, driven by China.
24 February 2021
After an unusually strong start to the year, seasonality has caught up with the dry bulk market. Coupled with a slow recovery in global economic activity, it looks set to be another challenging year.
13 January 2021
The turbulence of the past year has in many ways clouded the underlying fundamentals in the dry bulk shipping market, but with 2020 now behind us, we are in a better position to establish an overview of expectations for 2021.
24 November 2020
The second half of the year has provided some cheer for the dry bulk market, with all ships in the spot market averaging earnings above the break-even point, though not high enough to make up for losses made during the first part of the year.
19 November 2020
There are solid bulk cargoes that are commonly transported by bulk carriers and yet many members are not familiar with the dangers that are associated with them. BIMCO provides timely information and advice on cargoes like iron ore fines, bauxite as well as cargoes that are capable of causing oxygen depletion in cargo spaces and adjacent spaces.
01 October 2020
Although many of China’s major bulk imports, such as iron ore and crude oil, have seen strong growth so far this year despite the COVID-19 pandemic, imports of coal have followed the opposite trajectory.
09 September 2020
An impressive recovery in Chinese dry bulk imports has protected the industry from the effects of falling demand in the rest of the world.
15 June 2020
The Capesize market made new highs for the year this week after strong iron ore demand to the far east continued to develop in the market.
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.