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Market information
2023-01-28
Bulk report – Week 4CapesizeThe Capesize timecharter average (5TC) lost more than 50% of its value since the middle of last week. The spot rates in both basins continued their descent throughout th...
2023-01-28
Bulk report – Week 3CapesizeThe average of the Capesize timecharter routes climbed when the week first began, but soon dropped from over $10,000 threshold to $6,529 on Friday. The steep decline mai...
2023-01-16
Bulk report – Week 2CapesizeThe Capesize market had a positive opening on Monday followed by consecutive declines on the timecharter routes. The Cape5TC fell over $2,000 this week, settling a tick ...
2023-01-09
Bulk report – Week 1CapesizeThe decline in the first week of the year appeared to be no surprise to the market due to the lackluster activity and seasonal headwinds since the holiday season. The av...
2022-12-26
Bulk report – Week 50CapesizeThe Capesize sector saw a surge, especially in the Atlantic since midweek. More cargo from West Africa came to the market and subsequently pushed the Brazil to Qingdao ...
2022-12-12
Bulk report – Week 49CapesizeThe Capesize market was positive over the week, rising in excess of $1,200 to close at $13,957. In the Pacific, the rates for the west Australia to Qingdao trade were d...
2022-12-05
Bulk report – Week 48CapesizeThe Capesize market was in a ‘one step forward, two steps back’ mode this week. The average of the 5 time charter routes eventually settled at $12,598, a decline of $77...
2022-11-21
Bulk report – Week 46CapesizeThe Capesize market had little cheer this week as rates subsided throughout the week, albeit on the back of reasonable fixing activity. The Capesize 5TC now stands at $...
2022-11-14
Bulk report – Week 45CapesizeActivity in the Capesize market had the 5TC pushing in value over a few days in midweek. However, pessimism prevailed as the rates dropped down to close the week -895, ...
2022-11-07
Bulk report – Week 44CapesizeThe past week has had a negative trend overall, but closed up by the end. The average of the 5 Capesize time charter routes closed the week at $11,139, slipping $2,713 ...
2022-10-31
Bulk report – Week 43CapesizeThe Capesize market is in need of a large cargo injection to rally rates in the run-up to the end of the year. Activity levels showed small pockets of strength, yet fix...
2022-10-24
Bulk report – Week 42CapesizeWeek-on-week the average of the weighted 5TC average declined $790, finishing the week at $17,175. The Brazil to Qingdao trade slipped two dollars throughout the week, ...
2022-10-17
Bulk report – Week 41CapesizeThe Capesize market softened this week as a lack of fresh cargo and activity, particularly in the Atlantic hampered, efforts to push higher. The Capesize 5TC lowered 19...
2022-10-08
Bulk report – Week 40CapesizeThe Capesize market inched higher this week as increased activity continues to lift expectations with the 5TC closing at $19,874, up 3,660 over the week. The Atlantic r...
2022-10-08
Bulk report – Week 39CapesizeThe Capesize market failed to push through to higher values this week as lower activity in the Pacific hampered efforts. The Capesize 5TC closed the week at $16,214. Th...
2022-09-26
Bulk report – Week 38CapesizeThe market continued to lurch its way upward as rates strengthened in flurries with numerous drawdowns along the way. The 5TC closed the week at $18,293 with strong pos...
2022-09-19
Bulk report – Week 37CapesizeThe Capesize market made a revival this week, taking fortunes out of the red by rising the tide on values to be closer to the low-teens level on the 5TC. Far from being...
2022-09-12
Bulk report – Week 36CapesizeThe Capesize sector spent the week trundling along the market floor as the last few day’s brief revival of rates was quickly wiped out, returning the 5TC back to $5-6k ...
2022-09-05
Bulk report – Week 35CapesizeThe Capesize market continues to struggle as demand for iron ore remains weak. Vessels in the Atlantic have had difficulties finding cargo, while those available have b...
2022-08-29
Bulk report – Week 34CapesizeThe Capesize market is going through a rough period as trading pushed valuations into untenable sub-operating expense territory over the week. The Capesize 5TC dropped ...