Analysts at Alphabulk are reporting that capesize FFAs have seen their weakest six months of trading in five years, with just 199,228 lots changing hands in the first six months of the year.
The 199,228 lots traded from January to June is the lowest figure since the first half of 2013.
Dry bulk FFA volumes also fell as a whole during the last complete six-month period, down by 9% year-on-year, reaching their lowest levels since the first half of 2016.
Also of note in the latest weekly report from Alphabulk is the statistic that the FFA market has now more than halved compared to the pre-financial crisis era. Some 1.2m dry bulk lots were traded in the six months before Lehman Brothers folded, whereas the equivalent figure over the last five years has hovered between 500,000 and 600,000 in each six-month period.