March 14th, 20190With the industry increasingly comfortable that the worst is over for dry bulk, especially sub-cape size, there has been a rush this week to snap up bargains before prices start to escalate. Allied Shipbroking's latest report shows that five-year-old 180,000 dwt capesize bulkers and 10-year-old 170,000 dwt capsizes have seen an...
March 7th, 20190As sub-cape ship sizes claw back earnings on the dry bulk side owners have been more willing this week to open their wallets for a number of bulker bargains – the shock of the first two months of 2019 seems to have finally subsided in this sector, even if capesizes continue to languish in near record territory. Meanwhile, an active...
February 28th, 20190The dry bulk chartering market continues to show little improvement this past week, keeping a lid on the muted sale and purchase scene. There has been a general lack in confidence among investors to push for any bargain hunting. However, owners still favour the secondhand market rather than ordering newbuildings as the market...
February 21st, 20193The shock plunge in the dry bulk market has tempered somewhat in recent days with sub-cape sized ships seeing some pick up in business, but nevertheless the market remains spooked with few owners willing to get their wallets out for more tonnage in these uncertain times. A brazen few however are testing owners’ resolve with some low...
February 14th, 20190The Chinese New Year holidays together with the already negative sentiment prevailing across the market resulted in further pressure for the dry bulk market last week, with the BDI sliding down to a 28-month low. It has finally hit a floor in the past couple of days to hover just above 600 points nevertheless the market remains spooked...
January 31st, 20192The ongoing “bloodbath”, as one owner told Splash today, in the dry bulk freight markets has unsurprisingly seen investors yank their chequebooks from the negotiating table in the past week. Deals are thin on the ground and are unlikely to gain much traction until some time after Chinese New Year when the market has had time to...
January 24th, 20190The year of the dog is fading out with barely a bark, with owners hoping the upcoming Chinese New Year finally gives them the chance to bring home the bacon. The traditional seasonal slowdown between Christmas and Chinese New Year has seen the dry bulk market extend losses for yet another week, with the Baltic Dry Index slipping below...
January 17th, 20190The pallid state of the dry bulk market has managed to scare off some buyers in the sale and purchase market in the past few days. Heading in a different direction, however, the tanker S&P sector has seen a great comeback, showing very firm interest across all sizes and ages. Nevertheless, strong secondhand bulker prices suggest...
January 10th, 20190Place your bets! Which sector will appreciate the most in the coming 12 months? As reported on this site earlier this week, VesselsValue has picked classic panamax boxships to pick up in price the most this year. Opinion seems divided however, but optimism abounds that there’s money to be made in the final year of a tricky decade for...
November 29th, 20180What constitutes a bargain in today’s volatile dry bulk market? Unsurprisingly brokers and ship operators have hugely divergent points of view on this subject. Writing on LinkedIn earlier this week, Jens Ismar, CEO of Norway’s Western Bulk Chartering, referencing a Weekly Broker column from earlier this month, claimed that while the...
