Dry cargo market report dated 9 February 2024
13 February 2024Capesize: The capesize market started the week with a cautiously optimistic tone despite sluggish overall activity.
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Capesize: The capesize market started the week with a cautiously optimistic tone despite sluggish overall activity.
Capesize: The Pacific market this week was marked by overall sluggishness, experiencing limited activity.
BIMCO's Manager, Maritime Safety & Security, Jeppe Skovbakke Juhl, will be a speaker in Session 2 on decarbonisation and digitalisation.
Capesize: In the Pacific, the week started with a relatively calmer tone compared to the previous week.
Capesize: This week the market saw a slow start, with a healthy supply of tonnage in the Pacific and limited enquiry, particularly from East Coast Australia to China.
Capesize: The Capesize market was positive over the week, rising in excess of $1,200 to close at $13,957.
Capesize: Overall the market was active in both basins, especially with more fixtures reported from the North Atlantic in midweek.
Capesize: The Capesize market had to contend with volatile bunker concerns once again as the 5TC lost $5956 week on week to close at $15,648.
Capesize: The Capesize market struggled to hold its value this week as rates ebbed away across all routes. 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.
Capesize: The Capesize market peaked mid-week from its recent rally as the 5TC marked down -$1344 on the last day of the week to settle at $40,035. A tonnage tightness in several positions, particularly in the north Atlantic, led to gains early on in 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.