Capesize The Capesize market endured a somewhat traditional post-holiday Q1 drop as the 5TC descended -7760 over the week to settle at $12,407. Trading activity was relatively quiet over the week as news from Brazil reported high rainfall affecting mining operations of iron ore flow. The Brazil to China C3 was expectedly softer as the .
SINGAPORE - Media OutReach - 11 January 2022 - Jotun , the leading provider of high-performance hull coatings for the global maritime industry, has entered into a commercial agreement with US-based shipowner Eagle Bulk Shipping Inc. for adoption of Jotun Hull Skating Solutions to enhance vessel performance by minimizing biofouling. Under the new partnership, Eagle Bulk's bulk carrier Shanghai Eagle.
Capesize The Capesize Baltic index returned from year-end holidays this week and immediately saw activity coming from the usual West Australia iron ore flow. Closing out 2021 at $19,176 the Cape 5TC ended its first week in 2022 at $20,167. Initial movement in the market at the beginning of the week appeared positive as physical .
Belships has entered into agreement for the sale of BELOCEAN. The 58 000 dwt bulk carrier was built in 2011, and is the oldest ship in Belships’ fleet. Delivery is expected to occur within February 2022 and Belships will realise a gain of approximately USD 5.6m in Q1 2022. Total net cash flow after delivery .