
Dry Bulk
Stay informed with the latest news, analysis, and market insight for the dry bulk shipping industry through our expert coverage
India’s growing coal imports may create short-term upside for dry bulkers
Imports have risen to meet surging power demand

Russia’s suspected grain laundering fleet undergoes major reshuffle, but only on paper
Ships facilitating Russia’s export of Ukraine-origin grain have gained plenty of attention over the past year and are subject to intense scrutiny and investigation. The renaming and offloading of ships appear to be an attempt to hide past and true identities

Capesize earnings hit 18-month high
Capesize earnings have hit an 18-month high, according to Baltic Exchange data, reaching $31,671 per day. Iron ore exports in both basins supplemented with bauxite exports from West Africa have supported rates, Jefferies says

Seanergy eyes ‘best fundamentals’ for capesizes in three decades
Nasdaq-listed owner is projecting a significant increase in average rates for its fleet for the fourth quarter

Monjasa buys panamax as floating bunker storage
Monjasa said its fleet now consists of 13 tankers following the purchase of four secondhand vessels this year

Capesize rates plummet below $20,000 per day
China’s improved conditions and the issuance of new sovereign bonds may bring better outlook for the dry bulk sector, analysts said

Higher Indian coal imports could boost capesize trade
Capesize rates could continue to rise until the end of the year on the back of falling coal inventories at Indian power plants

Panamaxes outpace capesizes in Indian coal trade shift
Dry bulker trading patterns have altered this year as coal imports into India declined, while those into China spiked

Capesize earnings motor on despite dour China outlook
Analyst urges caution when using GDP growth as a predictor for dry bulk import demand. But there are warnings that economic fundamentals will eventually prevail

Capesizes slump below $10,000 per day
A combination of factors including easing congestion, faster turnaround times at Chinese ports and weakening sentiment related to China’s property sector have added to pressure on the capesize market, which has slumped 39% since the start of August

Baltic Capesize Index up by 26%, although dry cargo sector remains volatile
Increased activity in the Atlantic basin and port disruptions caused by typhoons in Asia have driven up capesize rates by up to $5,000 per day, while the panamax sector has also seen healthy increases

Seanergy posts reduced profit as capesize rates lag demand
Greece-based owner is confident of continuing to outperform capesize index

Jefferies lowers dry bulk estimates on weaker China steel outlook
While China’s reopening led to higher steel production and iron ore imports, a sustained recovery ‘seems farther away’ based on the recent drop in steel prices, says Jefferies equity analyst Omar Nokta. However, an expected China stimulus could be a positive near-term trigger

Cheap Russian diesel goes global, expanding shipping routes
Russian diesel, once destined for Europe, now shipped to Türkiye, Brazil, northern Africa and Middle East at substantial discount, with longer voyages and profits from arbitrage trades boosting product tanker utilisation and earnings
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