- BDI still down 10% despite recovery in capesize demand
- Coal shipments to advanced economies heading for a 15-year low
- Container ship deliveries hit new record of 2.5 million TEU
- Attacks on ships in Ukraine threaten 1% of dry bulk market
- Jet fuel shipments up 11% as airline traffic now exceeds pre-COVID levels
Iron ore spot freight rates spike 163% to lift Capesize earnings
As the average length of the journey increases, partly due to port congestions in China, soaking up capacity and pushing up spot rates, shipowners will likely be enjoying high freight rates until the end of the year.
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Posted:
29 September 2021
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