Spot volatility increases but follow-through fails on muted fundamentals – The third week of March dealt a harsh blow to VLCC owners, as their hopes for a surge in cargo demand were dashed, leaving market dynamics working against them.
European coal prices gaining 30% over the past five weeks
China experience a robust start in foreign trade
Positive economic data pushes metals higher
Sidi Kerir demand impact muted || Crude tanker mileage decline driven by VLCCs
East Coast South America Demand Panamax
Andrew Carnegie and the story of US Steel
Recent Reversal in China's Steel Production
Breakwave Bi-Weekly Dry Bulk Report - March 19, 2024
Booming dry bulk market defies red flag warnings emerging from the steel complex – Once again, the Capesize sector is leading the dry bulk rally although Panamax rates have also experienced a very strong performance with spot rates now hovering close to the 20,000-mark for the first time since December.
