Capesizes have caught up with smaller bulkers and could regain their hold in spot market

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

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