Capesize vessels now sailing below break-even point

Rates on dry bulk ships in the spot market have dived in recent weeks, with capesize ships now sailing at rates below their break-even point, show numbers from Clarksons. However, the broker does see spot rates climbing in the months to come.

Several factors explain the plummeting dry bulk rates

Dry bulk rates have taken an unusual dive at the beginning of 2022. Most recently, the Baltic Dry Index dipped by 4 percent Friday. Several factors have triggered a ”panic in the market,” an analyst explains to ShippingWatch.

J. Lauritzen criticized in case of Cheshire wreck

A Norwegian court of appeal criticizes J. Lauritzen for, since the incident on M/V Cheshire, not having informed crews on ships the carrier has chartered of the dangers of NPK fertilizer. J. Lauritzen contests that the shipping line has given the information it is obliged to give.

Lower Chinese demand has bulk rates on the decline

Rates on large dry bulk ships are plunging these days due especially to full inventories in China and fewer bottlenecks at the country's ports, says brokerage while predicting a strong market as of the second quarter next year.

Western Bulk upgrades forecast again

Norwegian dry bulk operator Western Bulk upgrades its guidance for the third time since its listing in September. The volatile market is driving up earnings even further.

Baltnav's low-profile bunker venture soon turning one

Dry bulk operator Baltnav has kept things under the radar, but soon it will be a year since it set up its own bunker company. At the helm of the day-to-day operations are two old colleagues from OW Bunker. 2022 is expected to deliver more growth.

Norden reshuffles management and dials up growth ambitions

Norden establishes a new business structure and a new senior management team. This will entail increased growth in the carrier's tanker pool and investments in port logistics for an annual USD 20-40 million, CEO Jan Rindbo tells ShippingWatch.

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