Dry Bulk
Stay informed with the latest news, analysis, and market insight for the dry bulk shipping industry through our expert coverage
Costamare confirms capesize additions as core profits increase
Diversified US-listed owner had $1.1bn of liquidity at end of quarter
Ukrainian grain exports rebound as ship arrivals near pre-war levels
Fears rose over global food supply when the original Black Sea grain export corridor expired in July 2023. That threat has been averted. The number of bulker arrivals has surged and Ukraine has been able to maintain its exports
Safe Bulkers seals more capesize charters
Eight capesizes are earning an average of $24,400 per day for the next two years
Shipping markets no longer just about supply and demand, says Norden’s Rindbo
‘The ability to stay nimble to react to changes in shipping markets is more important than ever,’ says Norden chief executive
Bulk carrier values still rising despite freight market corrections
‘The capesize market is structurally tight — not only are newbuilding deliveries slowing down to multi-year lows in 2024-26 but there are no VLOCs delivering until late 2026,’ said Braemar analyst Alexandra Alatari
Capesize correction gathers steam as spot rates and FFAs fall
Following a counter-seasonally strong Q1, capesize rates and futures are in retreat. Nevertheless, shares of listed dry bulk owners are holding on to much of their 2024 gains, at least so far
Bulk carrier values strengthen on robust earnings
Last month there were 33 capesize sales concluded compared with just nine in February 2023, according to Veson dry cargo analyst
Dry bulker party lacks conviction without China tailwinds
The drop in commodity prices seems to suggest slowing demand. Data also shows China’s steel exports and coal imports have seen a notable decline since March
Surge of secondhand capesize deals triggered by 14-year peak in earnings
Greek owners identified as leading buyers with one-third of capesize purchases this year, as well as ranking first alongside Chinese owners for supramax buys
Seanergy ups dividend as it clinches increased capesize earnings
Nasdaq-listed owner of 18 large bulkers intends to ‘vigorously defend’ itself against Economou lawsuit
United Maritime adds third bareboat-chartered bulker amid dry bulk optimism
Within February the Nasdaq-listed owner has agreed a sale-and-leaseback transaction for another of its existing vessels
BHP sees India continuing to drive iron ore, coking coal demand
BHP forecasts a small further improvement in global steel production with growth led by India, Southeast Asia and to a lesser extent China over the next two years
Precious Shipping sees ‘extreme volatility’ ahead for shipping market
Fiscal and monetary stimulus by governments could boost the markets, as could a better steel sector, easing of financial conditions in China, and better-than-expected US economic growth, while a low orderbook will help reduce supply-side pressure
Bauxite trade helps capes counter seasonality
While an improved iron ore trade has helped capesize rates, continued strength in bauxite trades has been a more substantial factor, Jefferies analysts say
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