Dalian Shipbuilding Industry Company (DSIC) has delivered a new, eco-friendly bulk carrier for Norway-based dry bulk shipping company Golden Ocean Group Limited (GOGL).
The post DSIC hands over eco-friendly bulk carrier to GOGL appeared first on Offshore Energy.
https://www.offshore-energy.biz/dsic-hands-over-eco-friendly-bulk-carrier-to-gogl/
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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
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...
Mid-2020 to mid-2021 was a great stretch for ocean shipping stocks: Container and dry bulk shares rose by double and triple digits and even shares of embattled tanker owners posted gains.
That changed last fall. Shares of most container-ship leasing companies, crude tanker owners, product tanker owners and dry bulk owners are down since September.
But shares of container liner companies are proving to be the exception. They’ve recouped most of their autumn pullbacks and are gaining more ground...
https://www.freightwaves.com/news/liner-stock-prices-keep-rising-as-other-shipping-shares-stall
Shipping stocks have never been for the faint of heart, and they’ve been on a particularly wild ride in the COVID era.
There have been steep plunges and historic surges along the way, with unexpected twists and turns. What could be around the corner?
U.S.-listed equities in the three main segments — tankers, containers and dry bulk — are following different patterns. To put these shipping stock moves in context, from the onset of COVID until today, American Shipper spoke in depth with Evercore...
https://www.freightwaves.com/news/covid-era-shipping-stocks-the-super-good-the-bad-and-the-ugly
Bermuda-registered, Norway-based dry bulk shipping company GOGL has decided to order four Kamsarmaxes and dispose of two older Panamaxes. The post GOGL orders four dual-fuel bulkers appeared first…
https://www.offshore-energy.biz/gogl-orders-four-dual-fuel-bulkers/
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...
Container vessels stuck at anchor off California are grabbing the headlines. But there’s another massive shipping traffic jam out there, one that’s holding up even more cargo.
This other, less-publicized tale of seaborne gridlock is set in China and it’s not about container ships, it’s about dry bulk carriers.
Bulker congestion has now risen to historic highs as China enforces stricter COVID rules for arriving vessels. And what happens in China will be felt in America. Every bulker stuck at...
https://www.freightwaves.com/news/china-bulker-pileup-dwarfs-california-container-ship-gridlock
Bermuda-registered, Norway-based dry bulk shipping company Golden Ocean has terminated its relationship with Capesize Chartering Ltd. (CCL), a joint venture to coordinate the Capesize spot chartering…
https://www.offshore-energy.biz/golden-ocean-exits-bulker-jv-after-fleet-renewal/
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