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
Dry Bulk Q1 commentary
• Q1 period rates for bulk carriers have increased across the board, capesize rates are up 42% compared to the same period last year. However, the smaller sizes have seen the biggest jump in rates with handysize timecharter rates for one-year almost doubling year on year to an average of … [Read more...] about Dry Bulk Q1 commentary
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
Has the pandemic had an impact on slippage and orderbook levels?
Overall current orderbook levels are low on the whole both for tankers and dry and this is allowing the yards to manage orders efficiently which is one of the reasons why slippage- the amount of ships due to be delivered during a certain period that are shunted over to the next- levels have been on … [Read more...] about Has the pandemic had an impact on slippage and orderbook levels?
Tanker groups emerge as oil market turmoil winners
Tanker shipping was one of the few winners amid the global rout in stock markets and oil prices seen during the first few months of this year, in the face of falling industrial activity and weak demand as the world came to terms with the coronavirus pandemic. Over the last few months, we have … [Read more...] about Tanker groups emerge as oil market turmoil winners
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
Capesize momentum expected to continue in the short term – Alibra cape insight September 2020
This week the capesize time charter rates have balanced out from the recent downward trend and as such, rates have remained flat. Given the positive momentum of the capesize spot market this week which, based on Chinese iron ore demand, is expected to continue to the end of the month at least, we … [Read more...] about Capesize momentum expected to continue in the short term – Alibra cape insight September 2020