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Dry cargo market report dated 5 February 2021

08 February 2021

Capesize: The market began to meet increased resistance to the recent slide in rates as the week progressed.  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.

Shipping industry takes new step to protect marine environments

04 February 2021

Cleaning a ship’s submerged parts from barnacles and other growths, while the ship is in the water, can transfer invasive species to local marine environments unless it is properly cleaned and the debris is captured. To combat this problem, and to provide clarity and quality assurance to shipowners, ports and government authorities, BIMCO and the International Chamber of Shipping (ICS) have published the first industry standard on in-water cleaning of ships.

Dry cargo market report dated 29 January 2021

01 February 2021

Capesize: The Capesize routes endured a week of slippage on rates, bringing the market back down to levels seen at the beginning of the month.  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 22 January 2021

25 January 2021

Capesize: The Capesize market rocked and rolled these past few days. But by weeks end little had changed on the Capesize 5TC as it settled down -884 to $24,631. 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 January 2021

18 January 2021

Capesize: The Capesize market surged this past week to a three month high, as a stronger outlook for the market took hold. Opening the second full week of the year at $21,131 the Capesize 5TC peaked mid-week at $26,489, before closing down to end the week at $23,989. 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 8 January 2021

11 January 2021

Capesize: The market has surely surprised many this week after sparking into life and quickly surpassing levels seen in November and December 2020. The Capesize 5TC ended 2020 at $16,633 and now closes out its opening week of 2021 at a resounding $21,131. 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 18 December 2020

21 December 2020

Capesize: After a promising start, the Capesize market really came alive on Thursday as Vale made a reappearance, lifting at least a clutch of vessels from Brazil, with $16 appearing to be the C3 Brazil-China high water mark on the Goodship (177,536 2005) for mid January dates. 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 11 December 2020

14 December 2020

Capesize: The Capesize market broke lower this week down to $10,295 on the 5TC taking it out of its recent range. After a positive end to the week the 5TC now resides at $11,889. 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 04 December 2020

07 December 2020

Capesize: The Capesize market continued its meandering behaviour this week as the 5TC opened at $12,712. It weakened throughout the week before reviving to close up Friday at $12,606.  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 27 November 2020

01 December 2020

Capesize: The Capesize market this week continued its recent range bound sideways drift hitting a low of USD 11,996 Tuesday on the 5TC, before closing the week out at USD 12,712. 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.