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Finance & Markets

Dry Bulk Market: Capesizes Showing Strength

Capesize The market enjoyed a notably stronger week overall, with sentiment remaining firmly positive throughout. Strength in both the Pacific and Atlantic basins underpinned the rally, driving the BCI 5TC from $41,395 at the start of the week to $46,512 by Friday’s close. Tightening vessel availability and healthy cargo demand steadily shifted negotiating power in ...

We haven't written up this one. Hellenic Shipping News has the full story — the link below goes straight to it.

Read the original at hellenicshippingnews.com →

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Tankers: VLCCs Moving Higher

Clean LR2 The TC1 75kt MEG/Japan index ticked up early this week by 14 points to WS522 where it currently has been for 3 days.

  • Tanker rates remain high despite Strait of Hormuz potential reopening
  • East Coast Mexico/US Gulf route rates drop further
  • Transatlantic route from US Gulf to UK Continent sees significant plunge

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