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

Nasdaq-listed owner is projecting a significant increase in average rates for its fleet for the fourth quarter

Monjasa said its fleet now consists of 13 tankers following the purchase of four secondhand vessels this year

China’s improved conditions and the issuance of new sovereign bonds may bring better outlook for the dry bulk sector, analysts said

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

Dry bulker trading patterns have altered this year as coal imports into India declined, while those into China spiked

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

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

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

Greece-based owner is confident of continuing to outperform capesize index

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

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