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The decision of the EU Council to launch EUNAVFOR Med was today strongly welcomed by BIMCO, following the association’s statement on 24 April calling for an extension of Operation Triton’s geographical reach.
Capesize: The Capesize market endured a challenging week, marked by persistent negativity across both the Pacific and Atlantic regions.
Capesize: The Capes started the week off slowly but gradually gained momentum.
Capesize: The week started positively for the capes, especially in the Pacific, where rates saw a slight increase.
Capesize: After a slow beginning to the week, the Capesize market experienced a surge on Wednesday with a rise of over $2,500 in a day on its five timecharter routes average.
Capesize: Results from Rio Tinto and BHP disappointed this week, but there was hope that with China reopening it would lead to more cargo.
Capesize: The Capesize market is going through a rough period as trading pushed valuations into untenable sub-operating expense territory over the week. The Capesize 5TC dropped -$2,854 week on week to finish at $3,413.
