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Freight rates get a boost from Brucutu mine restart
Market sentiment for Capesize rates saw an improvement after Vale’s announcement to restart Brucutu mine, bringing back around 30 million mt per year of iron ore to the market.
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Mixed market for Capesizes
Higher freight derivatives rates were seen in the week, thanks to the anticipation of fresh cargoes in the Western Australia to Qingdao route, South Africa and Brazil.
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Dry Bulk FFA market: Capesizes dragged down by cargo shortage
The lack of fresh cargoes across Australia and Brazil have kept Capesize rates low and fundamentals weak due to disruption from Cyclone Veronica and dams issues in Brazil.
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Capesize index turns positive for the first time in weeks
Capesize index managed to turn positive for the first time on Monday, after enduring weeks of depressed rates.
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Dry bulk FFA market: Capesize shrinks on thin activity
Capesize market remained quiet throughout the week with thin activities from the Asia Pacific and Atlantic regions. However, some trade sources observed that the market fundamentals are slowly returning to a stabilized level.
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Dry bulk FFA market: Vale’s woes continue to dull Capesize rates
The return of Chinese trade participants from Spring festival failed to create any uproars in the Capesize market this week amid tighter supply from Vale.
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A long wait for freight
It is the usual time of the year again, when the market took a break for the Lunar New Year celebrations. The quietness was then rocked by the unfolding events from Vale’s dam collapse.
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Capesize rate retreats on weak fundamentals
Freight rate opened the week on weaker market fundamentals with concern over the China’s economic slowdown and the softening Panamax market.
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Dry bulk FFA market: Capesize goes south on bleak winter demand
The Baltic Dry Index (BDI) appeared to be a tight rope walker this week on the verge of falling off from the 1,000 marks.
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Dry bulk FFA market: Capesizes find support in higher bunker prices
Capesize freight rates rose higher this week, thanks to firmer bunker prices. However, as the week goes by, trade uncertainty started to creep into the market due to weaker freight derivative market.
