Freight Markets

06 June 2005

Markets still point downwards

The wind of optimism is no longer blowing in dry bulk shipping these days. While on one side China progressively unchains its custom control on some raw materials, the government is tightening its gri

30 May 2005

Outlook suggests rate decline to accelerate

Too far, too fast? The fall recorded in most shipping markets (except for containerships so far) has made this week its first "victim". The now famous and successful tanker owner TOP who wanted to str

25 May 2005

Freight markets look for direction

With the freight market still on a downward trend the news this week mainly focused on commodities. First on Wednesday the IISI published its monthly report on world crude steel production, confirming

18 May 2005

Steelmaker plans could affect longer-term rates

While European steelmakers are, one after another, sending warnings about their financial results for the year 2005, the Chinese steel and coal sectors are on the edge of a global restructuring moveme

11 May 2005

Some stability after recent falls

While things are stabilizing on most dry bulk market after the quite sharp fall recorded over the last two weeks, the whole dry bulk shipping and industrial world is living with the almost daily annou

03 May 2005

Rate falls in most sectors

There is a sharp contrast at presenrt between the drastic fall recorded on most dry bulk markets and the overall optimism that still apparently prevails in the news with most articles or press

13 April 2005

Rates holding firm in unsettled markets

Despite the uncertainty some analysts have recently expressed (again) about the course and speed of the Chinese economy - particularly concerning the steel demand, elsewhere the need to ensure the sup

08 April 2005

Markets remain unsettled

The news front the week has been marked by the troubled negotiations on steel prices between Chinese steel mills and their suppliers. After mills accepted the now benchmark level of 71.5 per cent rise

30 March 2005

Market activity reflected in increased rates

Last week was not so quiet on dry bulk markets despite the absence of some players for Easter festivities by the end of the week. This steady level of fixtures stopped the fall in Cape rates. Situatio

23 March 2005

Hot and cold news influences markets

The lack of business that started to weigh down the Cape market last week has kept on bearing on the figures this week. However the last two trading days have seen some fixtures and stems coming to su

16 March 2005

Mixed signals in the dry bulk sector

Contrary to last week where almost all dry bulk markets levelled off, freight rates evolution this week started to diverge. The Capes did not confirmed the positive outlook promised by

09 March 2005

The downs and ups of freighting costs

Despite the rather unanimous fall in rates recorded this week, which is in line with what had been anticipated, the last 24 hours of the week have given some signals of an upward trend. Everyone

22 February 2005

Rates keep on rising

After the upturn of the market last week, rates have kept on rising over the last five trading days. Levels which were talked about a week ago have been achieved for all segments of

16 February 2005

Volume of business improving

The wait and see feeling which was widely shared last week doesn’t seem to be charterers’ view any longer. The volume of business this week has been firmer on almost all segments of

08 February 2005

Charterers play the waiting game

After the short rush of last week that pushed Capes and Panamax rates up again, the market seems now to play the waiting game with the Chinese New Year festivities about to start. However, despite the

02 February 2005

Markets regain some lost ground

Activity on dry bulk markets this week was in line what was expected. Capes have taken the driving seat and now with few ships remaining open prompt the market seems to be ready for another rally