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Dry Bulk Shipping - The haunted dry bulk sector awaits positive demand impact from China and is beaten by supply growth in record territory.

13 June 2012

The dry bulk market is under immense pressure, as the retreating weight of China as the driver of the market is extensively felt. At a time when supply growth simply breaks new mind-blowing delivery records, the demand situation is pitching in a bit too. Currently, there are reports of Chinese customers in the steel industry that are refusing to honour their contract as prices drop, and stock piles are fuller than normal at a time when steel mills take their foot off the throttle following a red-hot production period in recent months.

Dry Bulk Shipping - Recent very tough times in the dry bulk markets are likely to improve gradually, as the downward over-shooting of rates is corrected

11 April 2012

There is no doubt that it takes time from when commodities are bought and transportation fixed and executed to the cargo being landed at the buyer’s desired port of discharge. There’s also no doubt that buying activity for staple cargoes such as coal and iron ore was hectic during the final months of 2011.