How the major dry bulk commodities drive the freight market into Q4


The world is in the midst of the second coronavirus wave and with that comes the natural question of how the current dynamics will play out for the dry bulk shipping market. 

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Ship Owners Looking for More Deals in the Dry Bulk Segment


Ship owners are actively looking for more deals in the dry bulk S&P market. In its latest weekly report, Intermodal said that it was “another active week in terms of SnP has concluded in the dry bulk market with a diversified array of transactions recorded. Despite the correction in dry trade freight rates, there is still ample purchasing appetite displayed from interested parties, while vessel values – more or less – remain stable”.

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Pandemic Has an Unexpected “Silver Lining” for Ship Owners Financing-Wise


Ship owners appear to have benefited from lower interest rates, when it comes to financing new deals.In its latest weekly report, shipbroker Intermodal said that “since the Covid-19 outbreak, governments and central banks around the globe have been using their ammunition and stimulus packages to keep their economies running.

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Chinese iron ore imports break record at 112.7 million tonnes


China imported a record 112.7 million tonnes of iron ore in July, just shy of 10m tonnes above the previous record. July thereby marked the fourth month in a row that iron ore imports exceeded the corresponding month the year before. In the first seven months of the year, iron ore imports are up 11.8%, or an additional 69.5m tonnes, which is the equivalent of 300 extra Very Large Ore Carrier loads (230,000 tonnes).

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Ship Owners Starting to Make Waves in the Market


Ship owners have been rather active both in the newbuilding and the second hand market for ships over the past week. In its latest weekly report, shipbroker Banchero Costa said that “several sales took place in the dry segment during the week although several countries such as Singapore, Hong Kong, etc. imposed stricter rules for crew change and this may affect future transactions. S Korean controlled Kamsarmax bulker “Wise Young” 82,000 dwt built in 2011 at Daewoo with SS/DD due in November (out-of-sync) 2020 will end up in Greek hands for $13.5 mln. 

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Demolition Activity On “Holiday Mode”


The ships’ recycling market has slowed down over the course of the past week, as a holiday slowdown has apparently had an impact. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “the market feels stale at this current time as the holiday season kicks in and the tonnage supply appears to have slowed from the frenzy of recent weeks. 

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