Breakwave Dry Bulk Shipping Report 4.23.2024
VLCC Rates Continue to Soften Amid Subdued Activity and a Cautious Charterer Stance – With May fixing activity in full force, the VLCC freight market continued its descent
Read More »VLCC Rates Continue to Soften Amid Subdued Activity and a Cautious Charterer Stance – With May fixing activity in full force, the VLCC freight market continued its descent
Read More »Dry Bulk Rates Bounce, but Excitement seems to Fizzle as Market Balance Remains Unfavorable – Following a ~50% drop over the last month, Capesize spot rates bounced back
Read More »VLCC Market Slows Down Post-Chinese Holidays but Owners Remain Resilient Amid Softening Rates, Rising Oil Prices – The VLCC market has become rather
Read More »The correction in dry bulk is here as spot rates look for a bottom – Although the excitement in dry bulk shipping remains unabated
Read More »Spot volatility increases but follow-through fails on muted fundamentals – The third week of March dealt a harsh blow to VLCC owners, as their
Read More »Booming dry bulk market defies red flag warnings emerging from the steel complex – Once again, the Capesize
Read More »Another short term spike comes to an end as the Atlantic market fails to inspire – The late February uptick in VLCC rates ended up being short lived
Read More »As spot price records fall one after another, sentiment in dry bulk is reaching new highs – With February average Capesize rates reaching more than 21,000
Read More »VLCCs on a rollercoaster ride amidst uncertainty and shifting sentiment – Once again, VLCC owners experienced a rollercoaster ride
Read More »New building in Tankers, Hanwha Ocean announced an order for a pair of conventionally fuelled 300K dwt VLCCs with an unknown owner, understood to be clients of Evalend
Read More »Best February for Capesizes in 15 years raises hopes for a solid full year – A confluence of events around
Read More »News building in tankers this week, Magni Partners declared two optional 320k dwt VLCC’s at New Times, bringing their series on order to four at the yard.
Read More »VLCC market comes to life amid Lunar New Year rush and heightened geopolitical
Read More »New building in tankers this week, Dalian announced contracting four firm plus two optional LNG dual fuel 300k dwt VLCCs with an unnamed owner
Read More »New building in tankers this week, it has been reported that Euronav ordered one firm 319k dwt VLCC at Qingdao Beihai, with the vessel expected to deliver in 1H 2027.
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