PRESS

The dry bulk market has been moving from strength to strength in 2021, after prolonged period of stagnation. Earlier this year, I questioned if this was going to be the year of the smaller sizes as this sector has experienced the most impressive gains with timecharter rates more than doubling since the start of the year. However in early May, capesize one-year time charter rates were at the highest levels in seven years and the Baltic Capesize Index (BCI) hit levels not seen since 2010, does this imply that the capes resumed their position as the star player or was this a short-term spike?

Panamaxes are leading the charge, and it is a trend that could have legs

Concern about international GDP figures, the Chinese economy and the spread of the virus have stalled an upturn, but there is scope for growth in the long term

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After an unprecedented year, the oil market is expected to be back in balance in the fourth quarter as the pandemic recedes

As the pandemic casts a shadow over forecasts for the second quarter, other factors have also hampered the market — and are helping fuel capesize recovery