Home / Shipping News / Dry Bulk Market

Dry Bulk Market

Dry Bulk FFA: Capesize Index Looking Upwards

We noted last week that the Capesize index was due an upward move, we also noted that US$ 6,570 was a key level, as a close above here would suggest the longer term downward move has run its course, and this has been the case. The weekly index is once again back above the 55 period MA and the Ichimuko cloud which puts it back into bullish territory. Momentum in the form of the stochastic is currently below 30 and this would support a basing/bullish move within the Capesize market. ...

Read More »

Baltic index rises on increased demand across segments

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Friday on stronger demand across all vessel segments. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was up 19 points, or 2.22 percent, at 875 points. The capesize index gained 31 points, or 2.73 percent, to close at 1,165 points. Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, were up $264 at $9,358. The panamax index was up ...

Read More »

Seaborne thermal coal market to see supply dearth by 2030: Noble Group

Demand for seaborne thermal coal is expected to exceed supply by about 400 million mt by 2030, with new coal-fired electricity capacities coming onstream, according to Noble Group. The trading company has estimated that the largest growth in demand would be from additional planned power generation capacities in Southeast Asia, which would reach about 249 million mt by 2030. “By 2030 Southeast Asia imports will be 50% more than the Atlantic coal market,” said Rodrigo Echeverri, head of Energy Coal Analysis, Noble Group, at the Coaltrans Conference, which is currently ...

Read More »

Baltic Dry Index climbs to 875, up 19 points

Today, Friday, February 24 2017, the Baltic Dry Index climbed by 19 points, reaching 875 points.

Read More »

Asia Dry Bulk-Capesize Rates Up on Increased Traffic

Freight rates for large capesize dry cargo vessels on key Asian routes, which hit multi-week highs on Wednesday, are set to continue to climb next week on buoyant iron ore cargo volumes, brokers said. More than 30 capesize fixtures were reported in the week to Feb. 22, almost double the number in the last two months, according to data on the Reuters Eikon terminal. “The capesize market should continue to push higher for now – it’s all looking good,” a Singapore-based capesize broker said on Thursday. The surge in charters ...

Read More »

Dry Bulk FFA: Capesize Paper Market Volatile

Capesize FFA Commentary: Cape paper experinced a volatile day of trading which started with a sharp tick up in Asia. Mar traded 10500, Q2 11400 and Q3 12350 before retracing quickly when Europe opened. Rates did rebound from the lows as rumours of C5 fixing 6.00 and C7 at 7.75 which resultd in an 18% on the 5TC index. The afternoon session was more subdued although rates remained stable and near the highs of the day on most of the curve. Panamax FFA Commentary: The bullish tone persisted today on ...

Read More »

Dry Bulk Back From The Brink

Bulker Values in the last 12 months have hit rock bottom and are now looking to show considerable promise. 5-year-old handysize values are up by over 40%; as are 15-year-old Panamax and Supramax asset prices. Pre-2002 built Capes are up by around 35% since February 2016. 1 Year % Change in Value To put the opportunities in perspective, a 2012, Korean-built handysize bulker was sold at USD 6.2 million. Today that vessel is worth USD 12.3 million. Also of note is the Panamax Songa Maru, (2008-built, Tsuneishi Zhoushan). The vessel ...

Read More »

Baltic index up as capesize rates soar

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Thursday as rates for capesize vessels surged higher, backed by stronger rates for other vessel segments. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was up 50 points, or 6.2 percent, its biggest intra-day percentage change in over 3 months, to close at 856 points. The capesize index jumped 183 points, or 19.24 percent to end at 1,134 points. “The market has increased a lot in ...

Read More »

Safe Bulkers, Inc. Limits Loss and Increases Revenues as Dry Bulk Market Rebounds

Safe Bulkers, Inc., an international provider of marine drybulk transportation services, announced its unaudited financial results for the three and twelve month period ended December 31, 2016. Summary of Fourth Quarter 2016 Results Net revenues for the fourth quarter of 2016 increased by 6% to $31.7 million from $29.9 million during the same period in 2015. Net loss for the fourth quarter of 2016 was $4.6 million as compared to $29.9 million, during the same period in 2015. Adjusted net loss1 for the fourth quarter of 2016 was $4.1 million ...

Read More »

Baltic Dry Index climbs to 856, up 50 points

Today, Thursday, February 23 2017, the Baltic Dry Index climbed by 50 points, reaching 856 points.

Read More »

Star Bulk Carriers Corp. To Take Advantage of Its Extremely Low Break-Even Levels During 2017

Star Bulk Carriers Corp., a global shipping company focusing on the transportation of dry bulk cargoes, announced its unaudited financial and operating results for the fourth quarter and year ended December 31, 2016. Petros Pappas, Chief Executive Officer of Star Bulk, commented: “Star Bulk announced today its fourth quarter and year end 2016 financial results, reporting $50.9 million in Net TCE Revenues and $15.6 million in Adjusted EBITDA during the fourth quarter of 2016, implying a free cash flow of $6.1 million from our operating fleet. The cash flow – ...

Read More »

Bahri and Bunge to Form Ocean Freight Joint Venture

Bahri Dry Bulk Company (“BDB”), a subsidiary of the Bahri Group, the national shipping arm of the Kingdom of Saudi Arabia, and Koninklijke Bunge B.V. (“Bunge”), a wholly-owned subsidiary of Bunge Limited (NYSE: BG), a global agribusiness and food company, announced today they have signed definitive agreements forming a joint venture (“JV”) to establish a leading ocean freight supplier for dry bulk import and export flows in and out of the Middle East region. The JV, which will operate under the name Bunge Bahri Dry Bulk Ltd., will provide exclusive ...

Read More »

Dry Bulk FFA: Capesize Market Sees Light at The End Of the Tunnel

Capesize FFA Commentary: A firm day for the FFA market which could be viewed in the samemanner of a dog chasing its tail. Owners pulled their rates north for spot and period citing a firmer paper market while buyers of paper were claiming this was justified as period was moving higher. The index saw a decent rise but even so the paper premiums continued to increase. There is now a steep carry from spot to Q2 and from Q2 to Q3 etc and owners can see from the forward curve ...

Read More »

Demand is picking up in the dry bulk market

Pacific Ocean dry bulk trades are starting to push the freight market to new heights recently, offsetting part of the limited activity in the Atlantic market. According to the latest weekly report from shipbroker Allied Shipbroking, “we have started to some sparks of life in the commodities markets these past weeks, with prices having shown a strong push during the past couple of days especially for iron ore. This has been in line with the restart of the main trade growth engines of the Far East which have started to ...

Read More »

Minor Bulk Trade: Indonesia Back In The Game?

Seaborne minor bulk trade is estimated to have remained steady at best in 2016, making it the third consecutive uninspiring year of minor bulk trade growth following the introduction of Indonesia’s refined mineral export ban in January 2014. Indonesia is now set to restart bauxite and nickel ore exports in 2017 which, given the country’s previous key role, may help to change minor bulk trade dynamics. Two Distinct Periods Seaborne minor bulk trade is estimated to have dropped 0.3% to 1,851mt in 2016, partly due to a sharp drop in ...

Read More »

Recent Videos

Hellenic Shipping News Worldwide Online Daily Newspaper on Hellenic and International Shipping