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Dry cargo market report dated 20 November 2020

23 November 2020

Capesize: ‘Resistant’ would be one adjective to describe the Capesize market this week, as there was an increasing perception that it had discovered a floor, in several areas – specifically in Asia - where the pivotal C5 West Australia round gained 0.396 $/mt on the week to reach 6.973 $/mt, as all the majors became active. The weekly dry bulk market report contains a summary of the recent movements in the market, alongside the latest figures for average dry bulk earnings and Baltic Dry indices.

Learn more about BIMCO’s new sale and leaseback term sheet

19 November 2020

BIMCO has published SHIPLEASE, a new standard term sheet for sale and leaseback transactions which will be presented at a series of free seminars in the coming months. We will start with two online seminars and, as soon as the situation allows, live networking seminars will be planned in Asia, Europe and USA.

Long-term freight rates to the US jump USD 550 in a day

15 October 2020

After a period with short-term container freight rates reaching record highs on many of the major container shipping trades, long-term rates are now also experiencing a boost. Particularly long-term freight rates between the Far East and the US have jumped, copying the development in short-term contracts which have seen the increase in freight rates to the US (both coasts) outpacing the rise in spot rates to Europe.

US-China trade war reinforces change in Asia's manufacturing landscape

23 September 2020

The peak season for containerised exports from Asia to the US is now underway with the COVID-19 pandemic and astoundingly high freight rates making it easy to forget the trade war which has now entered its third year.

Dry cargo market report dated 18 September 2020

23 September 2020

Capesize It was all heavy swell for the Capesize market this week as rate levels swung with no clear direction. Ultramax/Supramax As the week progressed the BSI gained momentum, helped by strong rates being seen from Asia due to a lack of prompt tonnage. The weekly dry bulk market report contains a summary of the recent movements in the market, alongside the latest figures for average dry bulk earnings and Baltic Dry indices.

BIMCO adopts the industry’s first ship sale and leaseback standard

21 September 2020

Sale and leaseback transactions have seen a substantial increase in recent years as an alternative method of ship financing, and BIMCO has adopted a new term sheet which will facilitate the negotiation of sale and leaseback deals and make the process cheaper for parties involved.

Container shipping: capacity management key to carriers’ profitability as volumes falter

09 September 2020

Despite lower demand because of the pandemic, carriers have achieved high freight rates and profitability in the first half of the year through large-scale capacity reductions and low bunker prices.

Macroeconomics: a slow and uneven recovery awaits

08 September 2020

After the sharp and sudden shock of the pandemic, the economic recovery has begun and it is clear that it will be drawn out and uneven, both geographically and by sector. Though China has returned to growth, most other countries are lagging behind.

Stunning comeback to Q2 agricultural exports nearly triple freight rates

01 September 2020

As agricultural dry bulk commodities exports took a dive in the first quarter of this year and painted a gloomy picture for Panamax and Handymax freight rates, a stunning second quarter comeback have nearly tripled freight rates.

BIMCO and ICS prepare for new Seafarer Workforce Report

24 August 2020

With the future of crewing high on the agenda, BIMCO and ICS are preparing for the launch of the latest Seafarer Workforce Report (previously known as the Manpower Report), the industry standard resource for ship operators, agencies and governments seeking the market intelligence they need to develop crewing and training strategies fit for the future.