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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