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Capesize: The Capesize market kept up a constant precipitous fall in values this week. Panamax: Little sign of cheer this week as Panamax rates came under severe pressure. 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 week ended with a flurry of Brazil fixing which is now hovering in the low $18’s – approximately a dollar up on last week. Panamax US Gulf soya bean exports appeared to come to the fore this week with talk in the news of strong volumes to come for the rest of 2020. 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 tide turned positive on the Capesize market this week bringing with it a sense relief and optimism. Panamax: The Panamax market experienced something of a diverse week, with pockets of resistance appearing in places. 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 woes related to Coronavirus have now spread through the wider global markets like wildfire. 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.
Supramax: A bullish week again with better rates being seen across most areas. 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 suffered a technical correction this week, with the timecharter average shedding $1792 to close at $16,252. Panamax A level week for BSI with mixed signals from both basins. Period activity was limited but a 55,000-dwt open CJK was fixed for four to six months trading at $10,500. 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.
Supramax: A more positive week, with the Baltic Supramax Index (BSI) making ground. 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.
The Capesize market continues to go from strength to strength, as rates reach highs not seen since September last year. The rally is predominately off the back of the Atlantic Basin crying out for more 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.
The Capesize market trajectory this week has been one of the steepest rallies the sector has experienced. 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: Firm trading activity this week has pushed the Capesize 5TC up and over the $30000 level, reaching near new highs for the year. Handysize: East coast South America showed signs of softening this week, whilst the US Gulf continued pushing. 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.
