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Dry cargo market report dated 12 May 2023

15 May 2023

Capesize: The capes started the week on an upbeat note. All three majors were active in the market at the beginning of the week, resulting in a healthy volume of cargo from West Australia to China.

Dry cargo market report dated 6 January 2023

09 January 2023

Capesize: The decline in the first week of the year appeared to be no surprise to the market due to the lackluster activity and seasonal headwinds since the holiday season.

Dry cargo market report dated 16 December 2022

19 December 2022

Capesize: The Capesize sector saw a surge, especially in the Atlantic since midweek. More cargo from West Africa came to the market and subsequently pushed the Brazil to Qingdao run to a higher level.

US dirty tanker export demand jumps 33% year-on-year

13 September 2023

During the first eight months of 2023, US dirty tanker export demand increased 33% year-on-year while the global dirty tanker exports increased only 5%. Measured in deadweight tonne miles, US exports now account for 14% of global dirty tanker demand.

Dry cargo market report dated 14 October 2022

19 October 2022

Capesize: The Capesize market softened this week as a lack of fresh cargo and activity, particularly in the Atlantic hampered, efforts to push higher. The Capesize 5TC lowered 1909 over the week to settle at $17,965.

Dry cargo market report dated 12 August 2022

15 August 2022

Capesize: The Capesize market continues to dwell in the doldrums as any attempts to spark a rally were quickly dealt a hammer blow as the 5TC closed the week at $10,898. This rate level is less than a third of the same time last year.

Dry cargo market report dated 4 February 2022

07 February 2022

Capesize: The Capesize market traded sideways this week as the 5TC closed at $10,302, an improvement of +1384 over the week. 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.

Dry cargo market report dated 15 October 2021

18 October 2021

Capesize: The week ended on a negative note with continuous downward momentum in both basins. 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.