BDRY

‘Astronomical’ gain for dry bulk shipping but rally looks fleeting

chart of dry bulk shipping stocks vs. BDRY ETF

Dry bulk shipping is the world’s largest ocean shipping market by volume and boasts the world’s largest freight futures market. After spending most of this year on the sidelines, dry bulk shipping is suddenly back in the spotlight again.

Spot rates have gone parabolic over the past four weeks. Freight futures trading has been frenetic. Dry bulk stocks are up double digits.

A week that shipowners ‘dream of’

Rates for Capesizes — larger dry bulk vessels with capacity of around 180,000 deadweight...

https://www.freightwaves.com/news/dry-bulk-shipping-logs-astronomical-gains-but-rally-looks-fleeting

Baltic Dry Index has collapsed: Ominous sign for economy?

chart showing dry bulk shipping stock prices

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Dry bulk — the world’s largest ocean shipping market in terms of volume — is off to one of its worst...

https://www.freightwaves.com/news/baltic-dry-index-has-collapsed-ominous-sign-for-economy

The plunge in dry bulk shipping: Ominous signal on China’s economy?

photo of a dry bulk ship unloading in China

It wasn’t just container shipping that raked in the cash last year. Dry bulk shipping enjoyed its best year in a decade. This year is different.

Container shipping spot rates have fallen, but contract rates are up, supporting average rates. Ongoing port congestion is still tying up container ships and partially offsetting a pullback in cargo demand. Container lines will earn even more in 2022 than 2021.

Not so in dry bulk. Spot rates have nosedived and bulker owners are far more exposed to spot...

https://www.freightwaves.com/news/the-plunge-in-dry-bulk-shipping-an-ominous-signal-on-chinas-economy

Dry bulk shipping rates hit $80,000 per day as buyers scramble for coal

dry bulk shipping

Yet another sign of stress for energy supplies and global supply chains: Spot rates for large dry cargo ships just topped $80,000 per day for the first time since 2009, and freight derivatives for the fourth quarter — a period when rates for these vessels normally pull back — just spiked.

Not long ago, it was a different story. On Sept. 20, headlines were dominated by Chinese property developer Evergrande and its impending collapse; fallout to construction and steel demand would assumedly hit...

https://www.freightwaves.com/news/dry-bulk-shipping-rates-hit-80000-per-day-as-buyers-scramble-for-coal

A cruel summer for shipping stocks as tide turns

shipping stocks

You could be forgiven for unloading your tanker stocks — the tanker market just suffered its worst six months in three decades. But container shipping and dry bulk stocks? Container shipping remains at an all-time high. In dry cargo, spot rates for midsized bulkers continue to top $30,000 per day.

And yet, shipping stocks have fallen across the board for the past three weeks. June 25 was the turning point.

Jefferies analyst Randy Giveans told American Shipper, “There’s nothing special about June...

https://www.freightwaves.com/news/a-cruel-summer-for-shipping-stocks-as-tide-turns

No letup yet in dry bulk shipping’s ‘remarkable rally’

dry bulk

Container shipping dominates the headlines, but in its shadow, dry bulk shipping is posting its best first half in a decade. Dry bulk, which is notorious for abruptly losing momentum, is still going strong.

“This year’s remarkable rally is yet to run out of steam,” said Maritime Strategies International in its latest outlook.

“The dry cargo market has taken many by surprise. The rally continues,” said Nick Ristic, lead dry cargo analyst at Braemar ACM Shipbroking.

Rates for Capesize ships (bulkers...

https://www.freightwaves.com/news/no-letup-yet-in-dry-bulk-shippings-remarkable-rally

Which shipping stocks rose the most in wake of COVID pandemic?

shipping stocks

The stock market has boomed in the COVID era, driven by fiscal and monetary policy and surging retail-investor interest. Many ocean shipping stocks — with the glaring exception of tanker equities — have followed suit.

Which U.S.-listed shipping stocks rose the most?

Price gains arbitrarily depend on which date range you choose. For shipping, the current one-year range is perhaps the best gauge of stock moves.

Broader equity markets started rebounding in the third week of March 2020, after it...

https://s29755.pcdn.co/news/which-shipping-stocks-rose-the-most-in-the-wake-of-covid-pandemic

Shipping bulls are back: First container stocks, now dry bulk

dry bulk

Container shipping rises first and highest, then dry bulk, then product tankers, then crude tankers. That’s the emerging consensus on how a post-COVID global recovery will play out in ocean shipping. Phase one — containers — is now in epic full swing. Phase two — dry bulk — is ramping up fast.

Dry bulk is “off to the races,” maintained Cleaves Securities analyst Joakim Hannisdahl in his new quarterly outlook. Stifel analyst Ben Nolan foresees a possible “dry bulk Shangri-La.” As Braemar ACM...

https://s29755.pcdn.co/news/shipping-bulls-are-back-first-containers-now-dry-bulk

Is dry bulk shipping’s strange Q1 a sign of strength to come?

Dry bulk ships

It has been a particularly strange Q1 for dry bulk shipping. Usually, the larger ships — Capesizes with capacities of around 180,000 deadweight tons (DWT) that carry iron ore and coal — do poorly all quarter. This year, they did better in January than they had in a decade before succumbing to their usual slump.

Then came another oddity: The smaller bulkers began earning much more money than the Capesizes. As of Tuesday, Handysize bulkers (up to 35,000 DWT) were earning $19,400 per day, according...

https://s29755.pcdn.co/news/is-dry-bulk-shippings-strange-q1-a-sign-of-strength-to-come

Dry bulk shipping revs up after ‘extraordinarily bad decade’

dry bulk terminal

Hope springs eternal in dry bulk shipping — the largest shipping market in the world by volume. Over the past decade, each year has started out with bullish proclamations on why the market would finally turn. And then, it didn’t.

Only a few weeks into 2021, it’s clear this year will be different for many shipping segments. Could dry bulk finally surprise to the upside?

Industry veteran Aristides Pittas, CEO of EuroDry (NASDAQ: EDRY), thinks it will.

During a Capital Link forum on Tuesday, he...

https://www.freightwaves.com/news/dry-bulk-shipping-revs-up-after-extraordinarily-bad-decade

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