10 Mar 2020 Freight rates for dry bulk and crude oil have begun to show early signs of recovery as factories in China resume production after the Uncertain times for #LPG #VLGC spot rates. Exhibiting at #TipExTankEx2020, Feldbinder are the largest European Comparing earlier market shocks to our # DryBulk & #Oil #Tanker #shipping indices paints an interesting picture. 26 Feb 2020 Low demand growth will continue into 2020, with carriers struggling to increase freight rates enough to cover the additional costs of the IMO 2020 2020 Bulkers is an independent dry bulk shipping company that owns and with a low cost base with moderate and attractively priced debt, gives 2020 Bulkers 7 Feb 2020 Dry bulk shipping rates have extended their rout over the past two months, driven largely by seasonality and the newly implemented IMO2020 Filed Under: Dry Report The Capesize market endured another dreadful week of calamitous rate level falls, The New Year started with an erosion on pre- Christmas rates as the higher low sulphur fuel costs due to IMO 2020 affected levels. fixed in the upper eight-dollar level for usual 170,000dwt vessel, 10% cargo.
Dry bulk shipping rates forecast to rise in 2020: The Baltic Dry Index shot up 4.16% to 1,528 points in London to gain for sixth day in a row. The recent upswing is being attributed in part to increas.. Feb 08, 2020 (AB Digital via COMTEX) -- Global Dry Bulk Shipping Market Report from Advance Market Analytics (AMA) covers market characteristics, size and growth, segmentation, regional breakdowns The investment bank expects average utilisation rate of the dry bulk shipping fleet to fall to circa-70% over the period 2015-2019 from circa-90% over the 2008-2010 period. in Dry Bulk Market,International Shipping News 14/02/2020 Dry bulk shipowners have strongly resisted moving their vessels out of the Atlantic basin, leading to weak intra-Atlantic freight rates
Although, the dry bulk shipping market remains fragile in the first quarter of 2020 as the fast-spreading coronavirus and strict containment severely disrupted the world's second-largest economy. Historically, Baltic Exchange Dry Index reached an all time high of 11793 in May of 2008. A year ago, the cost of HFO in Singapore was around $340 per ton. Thus, an 8,000-TEU trans-Pacific vessel is now experiencing a year-on-year fuel cost increase of $35,000 per day, whereas year-on-year box-shipping rates between Asia and California are down $190 per TEU. Dry bulk shipping effects The first two months of 2020 have seen freight rates for dry bulk shipping fall due to seasonality, higher fuel costs and disruption caused by the coronavirus outbreak. Panamax and Handysize earnings declined to US$3535/day and US$3502/day, respectively, reports Denmark-based global shipping organisation BIMCO. The record for the absolute worst dry bulk shipping spot rate of all time was set in February 2016, when the Baltic Dry Index (BDI) slumped to 290 points and vessel spot rates were just $2,000 per day. Four years later, that ignominious record may be about to be broken.
Uncertain times for #LPG #VLGC spot rates. Exhibiting at #TipExTankEx2020, Feldbinder are the largest European Comparing earlier market shocks to our # DryBulk & #Oil #Tanker #shipping indices paints an interesting picture. 26 Feb 2020 Low demand growth will continue into 2020, with carriers struggling to increase freight rates enough to cover the additional costs of the IMO 2020 2020 Bulkers is an independent dry bulk shipping company that owns and with a low cost base with moderate and attractively priced debt, gives 2020 Bulkers
12 Aug 2019 What to Expect for Export Freight Rates for Q4 2019 and Q1 2020 to rise and freight rates will continue to plunge for cargo going to Asia. We think the Baltic Dry Index, based on time-charter rate average for various vessel sizes, could jump by 15%-20% in 2020, after remaining fairly flat in 2019 when supply growth has outpaced demand. Fitch on shipping: "We expect freight rates to rise in 2020, driven by improved supply/demand balance and an increase in fuel cost. We think the Baltic Dry Index, based on time-charter rate average for various vessel sizes, could jump by 15%-20% in 2020, after remaining fairly flat in 2019 when supply growth has outpaced demand. Although, the dry bulk shipping market remains fragile in the first quarter of 2020 as the fast-spreading coronavirus and strict containment severely disrupted the world's second-largest economy. Historically, Baltic Exchange Dry Index reached an all time high of 11793 in May of 2008. A year ago, the cost of HFO in Singapore was around $340 per ton. Thus, an 8,000-TEU trans-Pacific vessel is now experiencing a year-on-year fuel cost increase of $35,000 per day, whereas year-on-year box-shipping rates between Asia and California are down $190 per TEU. Dry bulk shipping effects