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Capesize: This week the cape market has been marked by varying levels of activity and changing sentiments.
The past couple of years have been very turbulent in many international markets due to the global pandemic. The weekly tanker market report by Gibson Shipbrokers - features an overview of the crude oil and oil product tanker market.
Capesize: This week began on a positive note in the Pacific market, with all three major players actively participating and securing vessels at more favourable rates.
The Capesize market did get off to a positive start this week as rates were building strongly off improved sentiment. But as events in Europe took hold, the market abruptly changed course. 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 Capsize market moved sharply lower this week with both the overall index and the average of the five timecharter routes declining over 2100 points and $17,422, compared with last Friday, closing the week at 2727 and $22,613 respectively. 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.
For the oil and tanker markets, the Trump Presidency marked a notable shift in global politics, energy markets and international trade. Weekly tanker market report by Gibson Shipbrokers.
