Major dry bulk segments hit by declining rates over the past month

The booming dry bulk market has lost momentum in the past month with declining rates within the four main dry bulk segments, writes shipbroker Simpson Spence Young in a new monthly analysis. Lower coal imports to China are among the contributing factors.

Photo: Ronald Siagian/AFP/Ritzau Scanpix

After an astonishing year with surging rates and volumes, dry bulk operators have been facing headwind in the past month with declining rates in four main segments.

In its monthly Shipping Review, shipbroker Simpson Spence Young writes that the capesize segment has seen the sharpest drop with time charter rates going down by as much as 60 percent.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Further reading

Related articles

Latest news

See all jobs