Positive sentiment from China’s pending economic stimulus money also lifts spot rates, expert says“So, we remain positive for dry bulk for the next few months, and we see the change of capesize rates moving into the $20,000-per-day range as our base scenario for the winter.”“Capesize rates are also … [Read more...] about Dry bulk spot market mounts week of broad gains
The Covid trade is over: Rates across key bulker segments fall
Giuseppe Rosano could not make any sense of why all markets across shipping are behaving so illogically these days.“On the wet, the VLCCs have also tanked, yet the oil price is rising,” said Giuseppe, founder of UK broking house Alibra Shipping.“We are all trying to understand this yo-yo market, but … [Read more...] about The Covid trade is over: Rates across key bulker segments fall
Baltic Dry Index continues to fall
Reuters reported on Tuesday that the one-day tumble to 1,250 points was the largest one-day drop that the BDI has experienced since 1984. One broker summed up why he thinks the index has done so poorly in recent days, having fallen by nearly a third from 1,723 points recorded on 21 … [Read more...] about Baltic Dry Index continues to fall
Why real estate, not Covid, might decide capesize market’s fate in 2023
“China is indeed under pressure to ease Covid-19 restrictions, but the country is not loosening them, despite wide reports to the contrary, because people there are still working from home due to vast outbreaks of the virus,” said Giuseppe Rosano, founder of UK broking house Alibra Shipping.“Chinese … [Read more...] about Why real estate, not Covid, might decide capesize market’s fate in 2023
Capesize bulker market reaches two-month high
Broker says upward trend will not last as Covid-19 is ‘out of control’ across China Giuseppe Rosano, founder of UK broking house Alibra Shipping, told TradeWinds: “Covid in China is out of control and they are keeping things as quiet as possible.” “I have friends living there and painting a very … [Read more...] about Capesize bulker market reaches two-month high
Dry bulk market faces uncertainty as China considers zero-Covid policy
One shipbroker is not so sure that China will ease the zero-Covid policy. “They will crack down,” UK-based Alibra Shipping founder Giuseppe Rosano told TradeWinds. He said an executive in China has told him that the country is still on lockdown. “This will put further pressure on the delay of … [Read more...] about Dry bulk market faces uncertainty as China considers zero-Covid policy
Rate for benchmark capesize bulker route for Brazilian iron ore falls 19% in a week
One broker welcomed this past week’s relatively calm market across dry bulk shipping, excluding the major spot rate decline for the Brazil-to-China roundtrip voyage for capesizes.“That’s how we like it, as too much volatility makes things uncontrollable,” said Giuseppe Rosano, founder of UK broking … [Read more...] about Rate for benchmark capesize bulker route for Brazilian iron ore falls 19% in a week
Capesize bulker market surges 13.8% in a day despite China’s Golden Week
“This is a little unexpected since a lot of the Far East is on holiday,” Alibra Shipping founder Giuseppe Rosano told TradeWinds.But the market may be benefitting from Russia sanctions adding tonne-miles to bulker trade routes and China implementing stimulus measures to get the economy moving again, … [Read more...] about Capesize bulker market surges 13.8% in a day despite China’s Golden Week
