Dry cargo market report dated 12 January 2024
15 January 2024Capesize: The capesize market concluded the week on a relatively sombre note.
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Dry cargo market report dated 20 October 2023
23 October 2023Capesize: The Capesize market experienced a strong week with the timecharter average breaking over $30,000/day, the highest value in 17 months.
Tonne miles from US crude oil exports drop dramatically in April
27 June 2019April was a disappointing month for the crude oil shipping industry with a dramatic fall in US crude oil exports which caused tonne mile demand to fall disproportionally.
Dry cargo market report dated 2 December 2022
05 December 2022Capesize: The Capesize market was in a ‘one step forward, two steps back’ mode this week. The average of the 5 time charter routes eventually settled at $12,598, a decline of $775 week-on-week.
Dry cargo market report dated 18 November 2022
22 November 2022Capesize: The Capesize market had little cheer this week as rates subsided throughout the week, albeit on the back of reasonable fixing activity. The Capesize 5TC now stands at $9,305 - a decrease of 3502 week on week.
Dry cargo market report dated 30 September 2022
05 October 2022Capesize: The Capesize market failed to push through to higher values this week as lower activity in the Pacific hampered efforts. The Capesize 5TC closed the week at $16,214.
Dry cargo market report dated 5 August 2022
08 August 2022Capesize: The Capesize market had a forgettable week for owners as rates slipped away, closing the week below $15,000 on the 5TC.
Dry cargo market report dated 21 January 2022
31 January 2022Capesize: There was little support to be found for the Capesize market over the last week as dwindling rates and rising bunker prices slashed earnings for owners with the 5TC Weighted Average dropping to $7,390. 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.
Coal shipments to advanced economies down 17% so far in 2023
23 November 2023In the first ten months of 2023, coal shipments to advanced economies fell by 17% y/y, as demand for electricity declined and the share of electricity produced using renewable energy rose. Also slowed economic activity and high energy prices affected electricity demand.
Tanker Shipping - Record high global oil demand not enough to create sustainable rates.
09 October 2011Global oil demand has never been higher, despite recent revisions. Demand is driven by growth in Asia, the Middle East, Latin America and FSU, while requirements in North America and EU are contracting in 2011 as well as in 2012. The IEA has revised down its demand outlook by 0.2 million barrels per day (mb/d) for 2011 to reach 89.3 and by 0.4 mb/d for 2012 to reach 90.7. Growth outlook now stands at a modest 1.1% in 2011 and 1.6% in 2012.
