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Angela Chao Blog

Tag Archives: Coal Shipments

Several Indicators Point to Long-Term Recovery in Capesize Market

28 Wednesday Sep 2016

Posted by Angela Chao in Dry bulk shipping

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Tags

BWT, capesize market, Coal Shipments, Hinkley Point C

140303_cape_elise_-_03

Capesize bulk carrier Cape Elise

Capesize Market Getting Some Encouragement – but how long-lived can it be?

The Capesize Market report from the week ending September 16, 2016 shows rates improving, but no one quite seems to know why, and there is even less certainty about how long it can last. In fact, experts can’t even say why the market fell to such disastrous lows earlier this year in the first place. Therefore, while the improvement in rates is very welcome, it is also met with a great deal of very cautious optimism.

The August fleet statistics report did not give cause for celebration, with cape deliveries standing at only seven, but looking ahead we see that there are still 84 deliveries scheduled for the remainder of 2016. Calendar year 2017 looks better, with 48 scheduled deliveries and 2018 with 24, but these numbers are more sanguine than reality since the 2018/19 deliveries have a healthy dose of 400,000MT Valemaxes being delivered. Continue reading →

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About Me

Angela Chao
Chairman and C.E.O. of Foremost Group, a leading shipping and trading enterprise, Angela Chao is an active businesswoman who serves on several boards and loves to volunteer. Angela comes from a loving and supportive family of Chinese descent. The Chao family dedicate themselves to serving and contributing to society.

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Recent Posts

  • A Review of Dry Bulk Shipping Performance and Its Challenges in 2016
  • Several Indicators Point to Long-Term Recovery in Capesize Market
  • Is Obsession with Brexit Creating a Blind-spot for Economists?
  • Angela Chao’s Mixed Bag of News for the Dry Bulk Shipping Industry
  • Consolidations in China’s Steelmaking Industry are Healthy and Necessary

Categories

  • Baltic Dry Index
  • Dry bulk shipping
  • Shipping Events

Tags

Baltic Capesize Index BDI Capesize rates China Chinese economy coal imports coal shipping Crude Oil Dalian Commodity Exchange dry bulk market dry bulk shipping dry bulk shipping market freight rates iron ore Iron ore prices iron ore shipping Iron ore shipping vessels shipping industry steel steel industry

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