Dry Bulk Market: Capesize Market Reaches New Highs

Sun, 28 Jun 2020 21:00:58 +0000 Capesize As the halfway mark of 2020 arrives, the capesize market is making new highs for the year. From persistent lows earlier caused by a barrage of negative factors, the capesize 5TC market has outperformed in spectacular fashion to...

Oil product tanker S&P activity down 45% as new reality unfolds

Tue, 30 Jun 2020 21:00:58 +0000 Oil product tankers earnings have skyrocketed in the first half of 2020, while the Sale and Purchase (S&P) activity of the oil product tanker market has slowed to the lowest level since 2016. Data from VesselsValue highlight that in...

CLECAT joins Drewry-ESC transparent tool for bunker charges

Tue, 30 Jun 2020 21:00:57 +0000 European forwarders’ association joins industry initiative on a fair, neutral bunker adjustment factor indexing mechanism for shippers, forwarders and shipping lines. CLECAT, which represents the interests of more than 19,000 companies...

Second Hand Bulkers In Demand But Few Deals Are Being Concluded

Wed, 01 Jul 2020 21:00:59 +0000 Demand for second hand bulkers has been strong, on the back of a strong freight market. However, deals are hard to conclude with sellers reluctant to let go of their assets in current pricing. In its latest weekly report, shipbroker...

Dry Bulk Market’s Rebound Not Directly Linked to Demand Growth

Thu, 02 Jul 2020 21:00:59 +0000 The dry bulk market’s latest rally, most notably in the Capesize market, while welcome, isn’t entirely down to fundamentals and as such, could be short-lived. In its latest weekly report, shipbroker Allied Shipbroking noted that “while...