Can shipping shares catch wave of (ir)rational exuberance?
The stock market is back to pre-COVID levels. Shipping shares still have some catching up to do.
The stock market is back to pre-COVID levels. Shipping shares still have some catching up to do.
Coronavirus hit to Brazilian exports is a nightmare scenario for dry bulk — and cases in Brazil are mounting fast.
Bulker rates are rising, but not yet profitable, and market risks abound.
Some believe Capesize rates will remain depressed. Others see light at the end of the tunnel.
Reduced estimate for Brazilian iron-ore exports compounds headwinds for dry bulk.
Dry-bulk shipping firm pushes up dry docking to fit in with scrubber installations.
Capesize owners were afraid to ballast to Brazil when a key Vale mine was closed. Now there are too few Capesizes in the Atlantic Basin, pushing up rates.
As a major owner of Capesize bulkers, Golden Ocean is heavily exposed to events in Brazil.
Dam collapse could pinch amount of ore heading to water; container crane falls on ship in Canada; Australian port tries to go clean.