Archives for posts with tag: Capesize spot earnings

While the bulkcarrier sector has recorded extremely impressive market gains so far this year, it has generally been upstaged by the containership sector which has seen a ‘perfect storm’ driving record freight and charter rates. However, with Capesize spot earnings surging to almost $70,000/day for the first time in over a decade, the firmest bulkcarrier markets since 2008 are now firmly back in the spotlight…

For the full version of this article, please go to Shipping Intelligence Network.

With 2020 so far having been clearly dominated by impacts from the Covid-19 pandemic and characterised by major short-term variations in market conditions, in some shipping sectors the second half of the year has so far been shaping up quite differently to the first. The bulkcarrier sector is one illustration of this, with the Capesize market for example having seen different dynamics in recent months.

For the full version of this article, please go to Shipping Intelligence Network.