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
Indonesian port congestion boosting panamax bulker market
“The higher demand for energy worldwide has certainly caused a rise in panamax rates,” said Giuseppe Rosano, founder of UK broking house Alibra Shipping.“Not to mention the grain season around the corner in South America.” he told TradeWinds. “Remember the market’s move many times with just … [Read more...] about Indonesian port congestion boosting panamax bulker market
‘A gentleman like no other’: Italian tanker player Nicola Bonetti dies
Alibra Shipping Broker pays tribute to former d’Amico, Premuda and Enel executive Alibra founder and director Giuseppe Rosano told TradeWinds that his friend and colleague had been battling illness over the past couple of years. He described Bonetti as “prolific and extremely well known in the … [Read more...] about ‘A gentleman like no other’: Italian tanker player Nicola Bonetti dies
Slumping capesize market expected to improve, barring collapse in China’s economy
EU ban on Russian coal should help rates by increasing tonne-mile demand“The capesize market ‘will suffer some more’ as China’s economic struggles continue and the typical summer lull for dry bulk shipping persists, but the EU’s new ban on Russian coal should help it recover,” broker Giuseppe Rosano … [Read more...] about Slumping capesize market expected to improve, barring collapse in China’s economy
Capesize bulker backhaul gains steam as Europe goes the distance for coal
“Sentiments are strong across all of dry bulk shipping as owners and charterers face disrupted cargo flows and a global energy shortage,” said Giuseppe Rosano, founder of UK broking house Alibra Shipping.“We are in unprecedented times and the market is adjusting. As to why and how, we are all trying … [Read more...] about Capesize bulker backhaul gains steam as Europe goes the distance for coal
Capesize spot market soars as Europe imports coal from far away
Dry bulk shipping is vulnerable to ‘rapidly changing market landscape’ as war between Russia and Ukraine enters 15th day, broker says“The market remains very active and prone to surges of volatility while being very much linked to political activity amongst a rapidly changing market landscape,” … [Read more...] about Capesize spot market soars as Europe imports coal from far away
