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Bulk Carriers

Dry Bulk S&P Report: August 29, 2022

Dry Bulk S&P Report: August 29, 2022

The Russia-Ukraine war continues to create huge volatility in the charter markets. Capesize spot rates sank about 40% this week with many pointing the finger at disturbing economic data coming out of China that Chinese retail sales, industrial output and investment all slowed last month and failed to match economists’ expectations. This could lead to…

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Supramax and Handysize Market Commentary – August 29, 2022

Supramax CommentaryCONT/MED/BSEAWhile the number of visible ultras is slightly on the decline, the large amount of supramaxes available at the Baltic and Continent continues to keep pressure on levels, especially towards early September and so a significant recovery seems unlikely in the short term.The Black and Med Sea are experiencing a bearish push. The Ukraine…

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Supramax and Handysize Market Commentary – August 15, 2022

SUPRAMAXATLANTICA large number of vessels were fixed in the US Gulf this week. Despite the significant clear out, it remains to be seen whether there is sufficient demand to improve the fortunes of the vessels that are left.Elsewhere within the Atlantic the tone remained similar to the week before. The availability of panamax tonnage maintained…

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Supramax and Handysize Market Commentary – August 8, 2022

SupramaxATLANTICMany of the underlying trends of the previous week continued to apply this week. The Continent and Mediterranean markets continue to struggle due to an ongoing oversupply of ships combined with a consistent lack of demand.The East Coast South America market remains flat.Owners with prompt tonnage in the US Gulf are still finding life tough…

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