Booming rates Ultramax rates for one-year have seen a year-to -date increase of 61% with the April average for one-year at $18,500/pdpr* according to Alibra’s timecharter estimates. Meanwhile cape rates continued to rise at a slower rate of 42% but then earlier this month the BCI soared thanks to … [Read more...] about Capesizes have caught up with smaller bulkers and could regain their hold in spot market
As cape market cools, this might be the year of the smaller bulker
Sentiment for dry bulk is looking good this year with demand moving up, yet there are still many challenges to overcome on the road to recovery from the pandemic. However, the strength of the capesize market last month has galvanised sentiment for dry bulk going forward this year. Dry bulk freight … [Read more...] about As cape market cools, this might be the year of the smaller bulker
Coronavirus fears add to worries over health of global dry market
By Rebecca Galanopoulos Jones- Head of research, Alibra Shipping Ltd. As the dry market dropped off following the highs seen in September 2019, the underlying sentiment was that only a resolution in the ongoing trade war between the US and China would signal a change of fortune and provide a … [Read more...] about Coronavirus fears add to worries over health of global dry market
China to the rescue: Country’s recovery a positive sign for otherwise gloomy tankers
17 November 2020 by Rebecca Galanopoulos Jones With a bleak outlook for tankers as we approach the end of the year and moving forward in to Q1, recent figures coming out of China are presenting some hope for the weak tanker market. The main economic indicators from Beijing are pointing to a … [Read more...] about China to the rescue: Country’s recovery a positive sign for otherwise gloomy tankers
Winter is coming: Hope for tanker rates after summer stagnation
By Rebecca Galanopoulos Jones, head of research, Alibra Shipping Ltd. Demand uncertainty has been behind much of the freight rate volatility that we have seen in the tanker market this year. Since the floating storage boom earlier this year where the period market experienced record breaking … [Read more...] about Winter is coming: Hope for tanker rates after summer stagnation
There’s more to dry bulk slump and cape bounce-back than coronavirus
By Rebecca Galanopoulos Jones, head of research, Alibra Shipping Ltd. If we were led to believe that the Capesize market couldn’t get any worse this year following 2019’s disastrous Q1 that saw iron ore exports from Brazil come to a halt following the tragic dam disaster, then we were very much … [Read more...] about There’s more to dry bulk slump and cape bounce-back than coronavirus