Dry Bulk Shipping

Shipping stocks are quietly staging a comeback — and the underlying supply-demand setup suggests this cycle may have staying power. The Baltic Dry Index, a key benchmark for global shipping rates, has risen more than 60% from its 2023 lows, according to Baltic Exchange data, signaling a significant...

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...

Dry bulk has been the "Wile E. Coyote" of ocean shipping for the past decade – forever chasing after profits only to lunge at empty air and repeatedly fall straight off a cliff. Rates for Capesizes, the workhorse bulkers with capacity of around 180,000 deadweight tons, are now enjoying their...

This quarter can't end soon enough for dry bulk, the largest freight market in the world by cargo volume. Rates for Capesizes — bulkers of around 180,000 deadweight tons (DWT) that carry iron ore and coal — have wallowed disastrously in the $2,500-$5,000-per-day range since January. This will be...

Not surprisingly, coronavirus is a major topic on the quarterly calls of public dry bulk shipping companies — executives maintain it's having a negative effect on rates. And yet, index data provided to FreightWaves by S&P Global Platts shows that the rate decline clearly predates the...

Another day, another downward slip in spot rates for the workhorses of dry bulk shipping known as Capesizes — larger vessels with a capacity of at least 100,000 deadweight tons (DWT), usually around 180,000 DWT. Capesizes had a great run in the third quarter. Rates rose from $20,000 a day in late...

After a rough couple of years for dry bulk shipping stocks, a handful of companies have been forced to issue reverse stock splits to help keep their stocks and their companies afloat. Most of the reverse splits have been followed by heavy selling pressure, but the most recent reverse split by Diana...

Despite a stormy year in the dry bulk shipping industry, Deutsche Bank issued a Buy rating on Scorpio Bulkers Inc (NYSE: SALT) with a price target of $7.25. Upgrade Justification The previous Hold rating was adjusted to reflect increased optimism about the shipping industry partly inspired by...

Shipping stocks are zipping by, recouping the losses made in recent sessions. After a strong sprint in the sessions that followed the U.S. presidential elections, shipping stocks retraced part of their gains by mid-November. Recent Volatility Then followed a consolidation phase. However, renewed...

Noah Parquette of JPMorgan initiated coverage of the entire dry bulk shipping industry, noting that "sentiment is bad right now." Parquette noted that 2016 "could even be worse" than an already "historically bad" 2015. Parquette nevertheless initiated two names at Overweight: Navios Maritime...