Tag: Capesize
Dry Bulk Market: Capesize Market is on a Roll
Capesize The Capesize market experienced a strong week with the timecharter average breaking over $30,000/day, the highest value in 17 months. However, the surge hit pause on Thursday and the 5TC slipped below the threshold to $29,493 on Friday. Strong rates were reported from North Atlantic, regardless of short or long duration fronthaul trips, with…
Capesize order book slips to 5% of fleet as contracting falls
At the start of October, the capesize order book was at 20 million DWT, a mere 5% of the capesize fleet. The contracting of newbuild capesize ships has gradually decreased since its peak in 2013 and only 5 million DWT were contracted so far in 2023, down 4% y/y. Low freight rates paired with a…
Capesize tonne days growth from Brazil to China reaches new high, surpassing last year’s growth
The third week of October witnessed robust Capesize Brazil to China freight rates, as indicated in the chart above. Furthermore, the demand in tonne days exhibited a noteworthy surge in recent days. Nevertheless, the recent uptick in the number of ballasters presents a downward pressure to the latest recovery signs. On Monday, the price of…
Dry Bulk Market: Capesize Market on the Rise
Capesizes Throughout the week, the cape market has displayed remarkable resilience and positivity, defying challenges such as holidays in the Far East. The Pacific market saw strong activity at the beginning of the week, with increasing rates and well-balanced conditions. The Atlantic market, particularly in the North Atlantic, continued to demonstrate tight conditions and witnessed…
Dry Bulk Market: Evolving Market Conditions Impact the Capesize Segment
Capesizes This week the cape market has been marked by varying levels of activity and changing sentiments. At the beginning of the week, the Pacific market showed promise for owners, with support from East Coast Australia coal cargo contributing to a positive outlook and two major players driving momentum, from West Australia to China, resulting…
Βrazilian iron ore export volumes increased in August, leading to a boost in Capesize tonne days
Throughout the last week of September, freight rates maintaining the strength observed in previous days. It appears that the third quarter will conclude with higher freight rates than those witnessed in the preceding two months. Notable increases were seen on a monthly basis in the freight market for large vessel sizes, particularly in the Capesize…
Brazilian iron ore export volumes increased in August, leading to a boost in Capesize tonne days
In the third week of September, freight rates in the various ship categories increased significantly, indicating a robust upward trend. At the same time, there is a noticeable optimism in Chinese economic activity, supported by a number of strategic stimulus measures by policy makers. In recent weeks, policymakers in China have introduced a comprehensive package…
Brazilian iron ore export volumes increased in August, leading to a boost in Capesize tonne days
In the second week of September, despite the ongoing challenges surrounding China’s economic recovery and uncertainties regarding grain trade negotiations between Ukraine and Russia, we observed a continued firm momentum of freight rates. It is uncertain if the current situation will continue, as there has been a decline in the growth rate of tonne days…
Marine Biofuel supplied to the Capesize Bulker at Hong Kong
Kawasaki Kisen Kaisha, Ltd. (“K” LINE) is pleased to announce that marine biofuel was supplied by Peninsula, the leading global independent marine energy supplier, to the Capesize bulker “CAPE AMAL” with charterer BHP, a globally renowned resources company and a long- term partner with shared goals to abate shipping carbon emissions. The marine biofuel was…
Dry Bulk Market: Capesize Market Trading Down in UK and Singapore Holidays This Week
Capesize The Capesize market observed a shortened trading week due to the public holiday in the UK on Monday and another in Singapore on Friday. Trading in the Pacific region displayed consistent volumes throughout the week. The presence of all three major players led to a slightly optimistic market sentiment earlier in the week, but…
