Commentary

  • Dry Bulk

    Supramax period deals on the up as rates rise

    SHORT period charter inquiry for supramax bulk carriers has picked up this week as average rates climbed for the seventh consecutive day to $23,5000 per day.
  • Dry Bulk

    ‘Eerily’ quiet Atlantic as charterers keep watch

  • Dry Bulk

    ‘Eerily’ quiet Atlantic as charterers keep watch

    AN UNEXPECTED lack of cargoes in the panamax Atlantic market has created an “eerie” atmosphere as the availability of tonnage remains tight but chartering inquiry stays low, <em>writes Liz McCarthy</em> .
  • Dry Bulk

    Resale product tankers prove popular

  • Dry Bulk

    Star Bulk rejuvenates capesize fleet

  • Dry Bulk

    Resale product tankers prove popular

    PRODUCT tankers remain the hot ticket in the secondhand tanker market as a number of vessels are rumoured to have changed hands in the past week, <em>writes Liz McCarthy</em> .
  • Dry Bulk

    Star Bulk rejuvenates capesize fleet

    <strong>STAR Bulk Carriers has spent $42.5m purchasing a 2000-built, 171,000 dwt capesize vessel to replace another ship sold last year, writes Liz McCarthy.The new ship will be renamed Star Aurora and will replace the 1992-built, 175,000 dwt Star Alpha, which was reported as sold by sale and purchase brokers at $19.7m in July 2009. The ship was delivered to its undisclosed buyers in the fourth quarter of 2009, the company said. The Athens-based company is expecting the Star Aurora to be delivered charter-free between October-November 2010, at which point the Nasdaq-listed group aims to have secured period time charter employment for the vessel. The new ship, of which the seller was not disclosed, bumps up Star Bulk’s fleet to 12 vessels, totalling approximately 1.1m dwt with an average age of 10.2 years. Star Bulk president and chief executive Akis Tsirigakis commented yesterday: “We are pleased to acquire a younger capsize vessel of quality to replace the older one sold.
  • Dry Bulk

    Gloom forecast to return after surge of opportunist fixtures

  • Dry Bulk

    Gloom forecast to return after surge of opportunist fixtures

    A SPATE of fixtures in an otherwise very quiet market helped brighten capesize owners’ fortunes last week, but brokers thought gloom that had settled over the sector would grow heavier this week and cancel the previous week’s gains.
  • Dry Bulk

    Nerves of steel required as rates continue to spiral downwards

    CAPESIZE owners will need nerves of steel over the next month or so as rates are set to continue their downward plunge into a seemingly bottomless black pit, according to brokers.
  • Dry Bulk

    Turkey to Asia prices defy slide

    SUPRAMAX owners booked for Turkey to Asia spot trips have defied a slide in rates seen on all other routes in the sector as a dearth of bigger ships left charterers with less available tonnage to choose from.
  • Dry Bulk

    Uncertainty dogs spot market beyond holidays

    PANAMAX owners hoping for an improvement in spot rates after the Chinese New Year holidays face uncertain market conditions, <em>writes Liz McCarthy</em> .
  • Dry Bulk

    Bulking up on gloom

    OUTSIDE shipping circles, the Baltic Dry Index has garnered a considerable fan club as a leading indicator of world trade. Well, the bad news is that the composite yardstick for the health of the bulk trades is currently down a full 42% on the 2009 high of 4,661 recorded as recently as last November.
  • Dry Bulk

    ‘Panic’ over silent panamax deals

    CHARTERERS quietly taking panamax tonnage in the Atlantic have panicked some owners and kept time charter rates sliding south for another week.
  • Dry Bulk

    A queuing mentality

    THE Australian coal export port of Newcastle is fast reclaiming its title as the demurrage capital of the world.
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