Belships has acquired its 20th bulk carrier in just over two years and signed a time charter contract for another vessel. In a resale deal, the Oslo-listed shipowner bought a […]
Congestion is providing “very powerful temporary support” to dry bulk spot rates, allowing owners to enjoy “spectacular” earnings, according to BIMCO. Peter Sand, the shipowner association’s chief shipping analyst, expects […]
The dry bulk derivatives market has been active given the massive volatility being experienced in segments such as the capesizes, which reached the highest spot average in more than a […]
The capesize bulker market took another plunge on Thursday, continuing a steady fall as fears mount over China’s coal shortage putting sharp brakes on the nation’s economy. The capesize 5TC, […]
Bulk carrier loadings have been halted at the Vanino Bulk Terminal in Russia following a fire, adding to shipping congestion. Russian coal producer and exporter Suek declared an indefinite force […]
Online leviathan Amazon has become the latest retailer to try to circumvent the congested containership sector to get goods to market. Consultancy Alphaliner reported that the US conglomerate loaded several […]
Pacific Basin, an owner and operator of smaller-sized dry bulkers, expects continued strong market momentum in the sector, with spot rates pushed to new highs. Average daily earnings of its […]
Several factors have merged to create the perfect storm powering an “amazing” dry bulk market, and the strength will continue provided there is restrained ordering, according to owners. The market […]
The Organization for Economic Co-operation and Development (OECD) is now tracking how much container shipping is factoring into global inflation. The OECD’s latest Economic Outlook report cites container shipping as […]
A capesize bulker market that has been hurtling toward the heavens may soon return to Earth amid slowing demand for iron ore, according to market experts. The capesize 5TC, a […]