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Dry cargo market report dated 20 November 2020

23 November 2020

Capesize: ‘Resistant’ would be one adjective to describe the Capesize market this week, as there was an increasing perception that it had discovered a floor, in several areas – specifically in Asia - where the pivotal C5 West Australia round gained 0.396 $/mt on the week to reach 6.973 $/mt, as all the majors became active. 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 13 November 2020

16 November 2020

Capesize: Any lingering doubts concerning the short-term prognosis for the capesize market were swept away this week as the timecharter average shed $2,350 to close at $12,498.  Ultramax/Supramax: The week started in the same vein as the previous one, with sentiment down in many 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.

Dry cargo market report dated 6 November 2020

09 November 2020

Capesize: The Capesize market continued to decline this week, albeit at a more gradual pace, as tonnage demand has become lacklustre to close out the year. Ultramax/Supramax: A lacklustre week for the sector with rates and sentiment falling in both basins. Very little in the way of period activity surfaced with both sides reluctant to make any commitments. 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 30 October 2020

02 November 2020

Capesize: The Capesize market was grasping for a bullish story this week as a possible mid-week rally fell flat.  Panamax: The market in the Atlantic seems to have been driven by the need for tonnage to load in the Baltic for various destinations. 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 23 October 2020

26 October 2020

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.

Dry cargo market report dated 16 October 2020

20 October 2020

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.

IBC and MARPOL Annex II changes require preparations ahead of 1 January 2021

14 October 2020

Amendments to the International Code for the Construction and Equipment of Ships Carrying Dangerous Chemicals in Bulk (IBC Code) and International Convention for the Prevention of Pollution From Ships, 1973 as modified by the Protocol of 1978 (MARPOL) Annex II - Carriage of noxious liquid substances in bulk, will impact all stakeholders in the chemical and Vegetable oils trade. As the amendments enter into force on 1 January 2021, It is recommended that ships replace existing certificates as soon as possible, to make sure the vessels are operational come 1 January.

Dry cargo market report dated 9 October 2020

13 October 2020

Capesize: The Capesize market reached new highs for the year this week, topping out at $34,896 on the 5TC. The quick ascension to these lofty heights has been met with an equivalent descent since Wednesday as the market shed value down to $29,479 by weeks end. Handysize: At the start of the week, both the BHSI and the time charter average declined for the first time since September.  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 2 October 2020

05 October 2020

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.

Dry cargo market report dated 25 September 2020

29 September 2020

Capesize: After the past few weeks of rates snaking sideways while softening, the capesize market took on a clear and decisive upward trajectory these past few days. Handysize: Both the overall index BHSI and the time charter average climbed back to the highest point of the year this 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.