Dry cargo market report dated 8 December 2023
11 December 2023Capesize: The Capesize market faced a challenging week characterised by significant fluctuations.
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Capesize: The Capesize market faced a challenging week characterised by significant fluctuations.
CAPESIZE: The market was characterised over the past 24 hours by a flurry of tender cargoes both in the Asia and Atlantic basins. The Baltic Exchange daily fixture report features daily updates on the Baltic exc hange indexes, timecharters, periods, voyage fixtures and is listed by ship name, size, delivery place and freight rate. The weekly dry bulk market report by the Baltic Exchange contains news impacting the following segments; capesize, panamax, supramax and handysize.
SUPRAMAX: Despite the widespread holiday Wednesday routes in the Atlantic still made gains but routes from Asia again lost ground The Baltic Exchange daily fixture report features daily updates on the Baltic exchange indexes, timecharters, periods, voyage fixtures and is listed by ship name, size, delivery place and freight rate. The weekly dry bulk market report by the Baltic Exchange contains news impacting the following segments; capesize, panamax, supramax and handysize.
CAPESIZE: A listless start to the week as holidays in Asia and the upcoming global May Day holiday impacted on trading. The Baltic Exchange daily fixture report features daily updates on the Baltic exchange indexes, timecharters, periods, voyage fixtures and is listed by ship name, size, delivery place and freight rate. The weekly dry bulk market report by the Baltic Exchange contains news impacting the following segments; capesize, panamax, supramax and handysize.
In the first two months of 2024, crude tanker newbuild contracting surged to 7.4 m DWT, a 490% leap y/y, due to a rise in orders for very large crude carriers – VLCCs. A notable 19 VLCCs were ordered, already surpassing the number of orders for this ship type during all of 2023.
BIMCO, the world’s largest shipping association, has elected Sabrina Chao of Wah Kwong Shipping Holdings Limited as President at the organisation’s online general meeting on Thursday 20 May 2021.
Capesize: The capes started the week off at a relatively sluggish pace in both the Atlantic and Pacific regions.