Commentary

  • 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.
  • Dry Bulk

    Capesizes rates in freefall ahead of ore price talks

    CAPESIZE rates have plunged into a dark abyss, with little prospect of climbing back into the bright light until China agrees new iron ore prices with the major producers in the coming months, brokers have said.
  • Dry Bulk

    Supramax rates fall 20% on Indian ore exports drop

    A SLOWDOWN in Chinese demand for Indian iron ore has pushed supramax spot rates down nearly 20% in 10 days as owners drop prices to secure work.
  • Dry Bulk

    Cut-price Asian ships take Atlantic business

    PANAMAX owners with ships open in the oversupplied Pacific spot market are slashing prices and stealing European business by offering heavily discounted transatlantic rates.
  • Dry Bulk

    Queue here for rescue

    LAST year, China’s insatiable demand for dry bulk commodities rescued shipowners from doom. Can port congestion be their saviour in 2010?
  • Dry Bulk

    Atlantic rates fall after owners stall

    RATES for panamax bulk carriers trading within the Atlantic region fell for the first time in four weeks as chartering inquiry slowed and concerns about the negative capesize market dampened sentiment.
  • Dry Bulk

    Atlantic rates jump on cargo influx

    PANAMAX Atlantic rates have climbed to a seven-week high as an influx of cargoes built up over the western hemisphere’s holiday season caused a surge in activity.
  • Dry Bulk

    ‘Healthy’ end to year for panamax Atlantic owners

    PANAMAX owners operating ships in the Atlantic have ended 2009 on a high note with rates at some of the highest levels seen this year.
  • Dry Bulk

    Charterers hold back to put pressure on Atlantic rates

    CHARTERERS are holding back from fixing end December and early January panamax cargoes in a bid to bring Atlantic spot rates down further.
  • Dry Bulk

    South China thermal coal demand stokes Pacific rates

    RISING demand from south China for imported thermal coal has boosted the Pacific supramax market this week, with rates set to rise further as the winter season continues.
  • Dry Bulk

    Norden moves into dry bulk with newbuild

    NORDEN is set to take delivery of the first of eight post-panamax bulk carriers, <em>Nord Delphinus,</em> in January.
  • Dry Bulk

    Retreat in Atlantic rates could bring out cargoes

    RATES to hire panamax bulk carriers in the Atlantic market have retreated below $40,000 per day for voyages to the Far East after charterers held back cargoes from the spot market.
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