Tag: days
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…
VLCC Tonne days growth from AG to China has decreased to the lowest level since the end of 2022
During the first week of October, the VLCC MEG China rates experienced a downward revision, amid hopes of a recovery. Looking at the demand, growth rates are still significantly lower than what they were the previous year leading to a negative sentiment in the crude freight market. Moreover, there are concerns about oil demand as…
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…
