Dry Bulk
Stay informed with the latest news, analysis, and market insight for the dry bulk shipping industry through our expert coverage
Alt-fuel bulk carriers gaining ground
Conventional fuel will continue to have a major part to play for the dry cargo sector owing to the strong tramp shipping nature of the sector, says Lloyd’s Register’s global bulk carrier segment director Nikos Kakalis
Russia’s Danube offensive is failing to dent Ukraine exports
Russian drone attacks targeting Ukraine’s Danube exports have cut capacity and added pressure to a supply chain already struggling with bottlenecks. But they have not yet significantly reduced shipments or curbed demand
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
Fredriksen and International Seaways trade barbs ahead of annual meeting
Ahead of International Seaways’ annual shareholder meeting and just over a year after its board adopted a ‘poison pill’ to block billionaire John Fredriksen from crossing an ownership threshold, tensions remain high between the company and its largest shareholder
Dark fleet operator Gatik reflags four tankers with Mongolia
Having been deflagged and removed from P&I cover because of its involvement in moving Russian oil, the world’s largest operator of dark fleet vessels, Gatik Ship Management, has turned to landlocked Mongolia to keep at least four of its tankers in business
Toro profits from tanker sales
Nasdaq-listed owner continues to aim for growth and diversification
Suezmax scarcity to secure ‘a very interesting market’ for Nordic American Tankers
Nordic American Tankers expects the strong market for suezmax tankers to continue in the coming years, on the back of longer voyages and limited fleet growth
Norden chief eyes capesize expansion
Several factors have prompted the Danish shipping company to move back into the largest size of bulkers, including offering more services to customers in response to their needs and tapping into the growing bauxite trades from West Africa to China
Capesize rates float up to six-week high
Higher spot rates expected in coming weeks on increased volumes of iron ore from Australia and Brazil as well as a bauxite push from West Africa before the rainy season hits
You must sign in to use this functionality
Authentication.SignIn.HeadSignInHeader
Email Article
All set! This article has been sent to my@email.address.
All fields are required. For multiple recipients, separate email addresses with a semicolon.
Please Note: Only individuals with an active subscription will be able to access the full article. All other readers will be directed to the abstract and would need to subscribe.