dry bulk

Capital Link President Nicolas Bornozis hosted an interview with Dr. Loukas Barmparis, President of Safe Bulkers (NYSE: SB) on August 1, 2023. The interview, which is part of Capital Link’s “Trending News Podcast Series,” touched upon the company’s recently announced Q2 2023...

Summary Fundamentals in the dry bulk sector driven by the historically low orderbook creating tight supply and demand balance. Shipyard capacity currently booked with other vessel types – any dry bulk vessels ordered today will be delivered in 2025 and beyond. 75-80% of the current global...

Container shipping is in uncharted territory. There has never been a crazy boom like this in its history. But as any shipping long-timer will tell you, there has indeed been a crazy boom like this in another sector: dry bulk circa 2007-2008. It's worth a look back at this earlier shipping mega-...

The effects of COVID-19 on international shipping are still actively unfolding ⁠— but not only at the West Coast ports where there is a "parking lot" of containerized cargo ships waiting in droves. While container rates have spiked after growing demand in the second half of 2020, causing labor...

The COVID-19 pandemic worked supply chains to the hilt, with demand for essential products spiking as people started quarantining themselves indoors. As more people looked to order-in food to their homes than go to a nearby restaurant, food consumption patterns have witnessed a considerable shift...

The Baltic Dry Index (BDI) rose to fame in the mid-2000s as a leading indicator of the global economy. If the BDI went up, industrial production was set to increase; if it went down, vice versa. The BDI lost its luster as a macro bellwether during the decade after the financial crisis, as the...

Liquid and dry bulk hauler Bulkmatic Transport of Griffith, Indiana, announced Tuesday it had acquired Illinois-based Paris Transport Inc. to add capacity and improve service to its customers. Family-owned Bulkmatic, founded in 1965, has nearly 530 drivers and a fleet of approximately 600 power...

If the coronavirus is brought under control in the next few months, China ramps up its industrial production and the global economy recovers in the second half, ocean spot rates for major dry-bulk cargoes — iron ore and coal — would increase. If investors believed this, the "forward curve" of dry...

The implementation of the IMO 2020 marine-fuel regulation has gone completely off script. Marine-fuel pricing has actually fallen year-on-year and the predicted savings from exhaust-gas scrubbers have increasingly evaporated. What happened and what's next? The IMO 2020 rule, effective Jan. 1,...

Not surprisingly, coronavirus is a major topic on the quarterly calls of public dry bulk shipping companies — executives maintain it's having a negative effect on rates. And yet, index data provided to FreightWaves by S&P Global Platts shows that the rate decline clearly predates the...

Dry bulk shipping — the world's largest transport market by volume — has thrown in the towel on the first half of 2020. The focus has instead turned to the second half, when prospects for freight rates are increasingly binary: either very strong or catastrophically weak. During Tuesday's...

Railcar lessor GATX (NYSE: GATX) is selling its dry bulk vessel business segment, American Steamship Company (ASC), to Rand Logistics. Rand will buy ASC for $260 million, pending regulatory approval and customary closing conditions, both companies said Monday. The net sales proceeds will reduce...

The record for the absolute worst dry bulk shipping spot rate of all time was set in February 2016, when the Baltic Dry Index (BDI) slumped to 219 points and vessel spot rates were just $2,000 per day. Four years later, that ignominious record may about to be broken. The BDI is now in freefall,...

Liquid and dry bulk customers looking for bulk capacity on a regular basis or when volumes spike have a new option thanks to a joint venture between two established bulk shipping providers. Bulkmatic and Bulk FR8 have launched Dry Bulk FR8, a one-stop solution for shippers looking to move dry and...

Specialist ship operator Jinhui Shipping of Hong Kong and Oslo has reported third quarter and nine-month losses for the periods July-September 2019 and January-September 2019. The company generates its revenues principally from hiring and chartering out dry bulk ships. Third Quarter 2019 Revenues...