Dry-Bulk Markets In paper dry-bulk markets, the Capesize sector increased slightly this week on stronger demand from miners, but the move was insufficient to support the Panamax or Supramax markets, which turned lower. Most of the dry bulk markets are simply waiting for the economies of China and other major importers to improve and boost cargo demand. until that happens, freight markets look to remain locked in a sideways malaise.
Capesize, Panamax, and Supramax forward curves all rallied this week with the Capesize FFA 5TC curve driving most of the move. The Capesize rally came amid a tightening tonnage list, which stems partly from strong iron ore volumes from West Australia as well as the industry’s increased ballasti...
What You Need to Know Today: Iran says its definition of the Strait of Hormuz is now a “vast operation area” that stretches from Jask to Siri Island. The White House said President Trump did not sign a suspension of the TRQs on beef imports but is “finalizing potential...
