Coronavirus and Force Majeure

Wed, 05 Feb 2020 22:00:57 +0000 On Thursday 30 January, the China Council for the Promotion of International Trade released a statement confirming that China was offering force majeure certificates to local companies unable to fulfil their international contractual...

Ship Owners Looking for Deals only in the S&P Market

Tue, 04 Feb 2020 22:00:59 +0000 The combination of a slump in freight rates, but also a general lack of activity due to the Coronavirus has limited ship owners’ appetite for deals in the market, most notably in the newbuilding segment, but also in the S&P market....

Dry Bulk Market: All-Time Record Lows for Capesizes

Capesize The week proved conspicuous for all the wrong reasons. This was the week when the Baltic Capesize Index (BCI) turned negative, closing at -20, whilst the average of the routes settled at $3,973. With the perennial Q1 weakness, Chinese New Year, the rapidly...