Baltic index up for tenth consecutive session on stronger capesize demand
The Baltic Exchange’s main sea freight index rose for a tenth-straight session on Wednesday, holding on to a near nine-year peak touched last week, helped by higher capesize demand.
Capesize values under pressure
VesselsValue data suggests the value of a generic fixed age 15 year old Capesize Bulker has fallen 20% from 1st November 2018 to USD 12.2 million today. By contrast, other valuers are quoting figures or estimated ranges 15-30% higher.
Capesize Market Weighed Down by Vale Dam Disaster
The Vale disaster weighed heavily on the market for big ships, with uncertainty about shipments/future exports leading to a sharp drop in rates.
Shandong Shipping orders 10 capesize newbuilds at SWS
Shanghai Waigaoqiao Shipbuilding (SWS) has won an order for 10 capesize dry bulk newbuildings from China state-owned Shandong Shipping Corporation.
Dry Bulk: Capesize Market Faces Fall
Dramatic drops over the week for the big ships, with the hope of further improvements as the week began being dashed mid-week. Ongoing unrest in Guinea and disruption to bauxite exports saw some vessels re-let on the market, prompting uncertainty with tho
Dry Bulk Market: Capesize Rates On a Roll
A positive end to the week for the big ships with gains particularly in the East, on the key West Australia/China run and the majors and operators in the market. Rates nudged the high-$7.00s for mid-May dates
Dry Bulk FFA: Capesize Market Under Pressure Mirroring Physical Trades
Capesize FFA Commentary:Capes came under significant pressure today from the start with new lows being sold on...