Freight Markets

21 December 2004

Markets start to slide

At present everybody is "skiing down to the village" and the heaviest is the fastest. Capes have recorded this week historical downward figures and the number of ships remaining unfixed by the end of

15 December 2004

Still riding the roller coaster

After another exciting period of nearly one month where rates reached unprecedented record levels, the market has stalled during most recent trading days. Figures have started to dive from their top p

02 December 2004

Numbers speak for themselves!

It is very hard this week to find other words than: strong, firm or even historical. Cape rates are now heading towards the US$110,000 per day for Brazil to Far East voyages and can fetch the US$100,0

25 November 2004

Very hot period on all dry bulk markets

A very hot period on all dry bulk markets especially with the Panamax segment leading the race of the fastest progression of the week, fuelled by a rush on tonnage available for time charter. Similarl

10 November 2004

Activity levels remain quite firm

With the grain side no longer providing the same number of opportunities, the Panamax market has been a bit weaker this week despite being helped by a still strong mineral activity also sustained by s

26 October 2004

Markets continue to strengthen

All dry bulk markets have continued to go up during last week especially for the Capesize market which increased heavily and, more particularly, at the end of the week. The most bullish players who pr

13 October 2004

Speculation over rate trends

While tanker freight rates are cruising into some unexplored areas, dry bulk rates are getting nervous too despite a rather "normal" volume of business. Especially in the Cape segment, everyone is sti

05 October 2004

Markets still holding up

In a quieter market linked to the absence of a lot of Asian players, all dry bulk markets remained firm. It is significant to see that even in these conditions, the Cape market did not plunge and even

21 September 2004

New business boosts rates

As expected last week the market has been prompt to react to the new wave of business which surfaced this week on almost all dry bulk markets. Capesize rates regained more than half the ground lost la

01 September 2004

Markets still under pressure

While the iron ore & steel groups are building up their production capacities and stabilising their supplies through long term contracts, all dry bulk shipping markets remain under pressure with rate

24 August 2004

Markets somewhat in limbo late-August

With Panamaxes having been very much in the centre of attention during the past week, the market as a whole seems to have taken on a stroll along the beach. Without direction or a real pace, the mar

11 August 2004

Relax its summertime

The heat that took the market up a little last week didn’t last long and rates started to level out or even decline over the last trading days. However the average daily returns remain very high

27 July 2004

Bulk rates look for direction

Despite that rates ended the week with figures lower than seven days before, the market showed that it can still be prompt to react to any tiny signal coming from demand. It has especially been the ca

19 July 2004

Rates now on the rise

Despite the announcement that Chinese industrial production is feeling the first effects of the credit squeeze organised by local authorities to avoid overheating, dry bulk markets have again experien

14 July 2004

Rocket-style take-off

Despite the announcement that Chinese industrial production is feeling the first effects of the credit squeeze organised by local authorities to avoid overheating, dry bulk markets have again experien

22 June 2004

Start summer scale-down

With spring coming to an end and the summer to commence, business is starting to scale down to summer levels as could be expected. All bulk rates continued to be under pressure and slipping gradually