Market Insights
and MID-SHIP Updates
Stay up to date with real time data from the industry and news from the MID-SHIP team. Explore the resources below.
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Market Insights 09 Jan 2025
MID-SHIP Report: Dry Bulk Freight Market – Jan 9, 2025
At present, the dry bulk market continues to face challenges due to an oversupply of vessels and low activity levels as we recover from the year-end holidays and anticipate the upcoming Lunar New Year celebration. The themes discussed in our fourth-quarter reporting continue to impact the dry bulk market. China’s economic issues, particularly those related […]
Read MoreMarket Insights 07 Jan 2025
MID-SHIP Fertilizer – Jan 7, 2024
Market Overview: An expected slow start to the week as market participants return to the office after an extended holiday break and today’s Epiphany holiday. Our market showed some small signs of life during the break; remaining shipments and vessel delays necessitated some spot-fixing. The downward trend and narrow-range trade continued as we started the […]
Read MoreMarket Insights 19 Dec 2024
MID-SHIP Report: Dry Bulk Freight Market – Dec 19, 2024
The dry bulk market typically quiets down at this time of the year. Market participants, having secured their December positions earlier, save a few suppliers looking to move inventory within the final quarter, now shift their focus to holiday activities of entertaining clients and attending holiday parties. This December is shaping up to be one […]
Read MoreMarket Insights 17 Dec 2024
MID-SHIP Alumina/Bauxite – Dec 17, 2024
Market Overview: Our market has continued to trend downward as we approach the year-end holidays, with trading largely confined to a narrow range. A combination of factors is contributing to the malaise in dry bulk rates in Q4, beyond ongoing China real estate markets/local government debt concerns and current seasonal preholiday lull. The contributing factors […]
Read MoreMarket Insights 06 Dec 2024
MID-SHIP Report: Dry Bulk Freight Market – Dec 6, 2024
The Baltic Exchange Main Overall Index hit new lows this week, levels not seen since September 2023. Cape Market continues to struggle with rates the bell weather Brazilian Iron ore flows, all trading at a significant discount this week. Brazil/Europe Cape freight flows are trading now under $10 per metric ton, and front haul movements […]
Read MoreMarket Insights 04 Dec 2024
MID-SHIP Petcoke Report – Dec 4, 2024
Market overview: Last week, the dry bulk market continued to decline as it closed the week with the Baltic Exchange’s key index dropping to a three-week low as rates declined across the larger sizes. Most significantly, the Cape size market took a hit as it dropped nearly 25% w-o-w, marking its lowest levels since early […]
Read MoreMarket Insights 26 Nov 2024
MID-SHIP Cement Report – Nov 26, 2024
Market Overview: Last week, the Cape size market experienced a significant decline in rates, aligning with the broader trend in the dry bulk market, largely due to weak demand in the Panamax segment. The Panamax, Supramax, and Handysize segments continued to trade within a narrow range, with an oversupply of vessels exerting pressure across all […]
Read MoreMarket Insights 20 Nov 2024
MID-SHIP Fertilizer – Nov 20, 2024
Market Overview: Last week, the capesize market showed improvement with robust activity in both basins, while Panamax, Supra, and Handy size segments traded within a narrow range. Panamax ended the week slightly up, whereas Supra and Handy sizes saw modest declines, with long vessel count lists weighing on all segments. Despite low activity levels in […]
Read MoreMarket Insights 14 Nov 2024
MID-SHIP Report: Dry Bulk Freight Market – Nov 14, 2024
The Capesize market continues to enjoy improvements daily through a combination of advantageous vessel count and China prewinter restocking. Transatlantic round voyage rates increased by $3,300 per day overnight, reaching an impressive $25,600 per day, as assessed on average, and are said to be higher in the physical spot market. The benchmark Tubarao to Qingdao […]
Read MoreMarket Insights 12 Nov 2024
MID-SHIP Alumina/Bauxite – Nov 12, 2024
Market Overview: Following the U.S. Presidential election, the freight market remains stable. The cape-size sector stands out as a positive exception. Market participants are managing daily challenges within a balanced supply-demand ratio and higher spot vessel counts, while considering potential shifts in U.S. geopolitics, economic policies, and trade tariffs in the upcoming year. It is […]
Read MoreMarket Insights 05 Nov 2024
MID-SHIP Petcoke Report – Nov 5, 2024
Market overview: The market continues to be neutral and unexciting in what should be a time of upward momentum seasonally. China economics, US Presidential elections and water levels in both Amazon and the Mississippi are uncertainties market participants are grappling with. India continues to vie for position to displace China as the prime mover in […]
Read MoreMarket Insights 31 Oct 2024
MID-SHIP Report: Dry Bulk Freight Market – Oct 31, 2024
Cape-size rates have been under pressure this week as sentiment in China weighs heavily on the segment. Both oil and iron prices are also under pressure. Rates are down substantially across all benchmark routes. The front haul dropping from about $44,000 to $35,000 per day, and the long round China to Brazil and back falling […]
Read MoreMarket Insights 29 Oct 2024
MID-SHIP Cement Report – Oct 29, 2024
Market Overview: The market continues slowly for this time of year. All eyes are on China as troubling signs continue to be registered across commodity markets. The CEO of Brazil’s Suzano, controlling one-third of the global hardwood pulp supplies, recently described “ the most challenging scenario ever” in top importer China, adding there are signs […]
Read MoreMarket Insights 21 Oct 2024
MID-SHIP Fertilizer – Oct 21, 2024
Market Overview: Hope springs eternal for a so far unrealized seasonal improvement in dry bulk rates. Capes and Panamax have had an uninspiring week. Supra and Handy size have seen pockets of improved rates and a fair bit of positional volatility. Period activity at firm levels and moderate improvements across the forward assessments for Forward […]
Read MoreMarket Insights 16 Oct 2024
MID-SHIP Report: Dry Bulk Freight Market – Oct 16, 2024
Capesize rates have been under pressure this week as sentiment in China weighs heavily on the segment. Both oil and iron prices are also under pressure. The benchmark Brazil-China voyage fell to $23.96 per metric ton, well down from $26.95 about a week ago. Rates are down across all benchmark routes. The front haul route […]
Read MoreMarket Insights 09 Oct 2024
MID-SHIP Alumina/Bauxite – Oct 9, 2024
Market Overview: Holidays in Asia weighed heavily on market activity last week, giving us a generally quiet week. Today we continue in a similar vein. Bunker prices have moved up in the past week. West Texas Intermediate crude oil futures rose by about 10% last week, due to concerns about potential supply disruptions in the […]
Read MoreMarket Insights 04 Oct 2024
MID-SHIP Report: Dry Bulk Freight Market – Oct 4, 2024
The market at present is lackluster and in need of a catalyst to break the current range bound trade and general lack of volatility. Perhaps the commencement of the North American grain export season and grain demand in north Europe might provide some much-needed impetus in the Atlantic and China’s return from this week’s national […]
Read MoreMarket Insights 01 Oct 2024
MID-SHIP Petcoke Report – Oct 1, 2024
Market overview: We start the week on a quiet note with the North American market returning to work after last week’s ASBA gathering in Miami, the east coast assesses the damage from Hurricane Helene’s severe flooding and power outages and the potential for a walk out tonight at midnight by the union representing dock workers […]
Read MoreMarket Insights 23 Sep 2024
MID-SHIP Cement Report – Sept 23, 2024
Market Overview: We start the week on a positive note, albeit continuing the relatively flat/narrow range trading from last week. Broker Team Estimates and Historical Data: Please refer to the below chart, which illustrates our broker team estimates for commodity specific trade lanes and the historical range they have traded in the past year. Market […]
Read MoreMarket Insights 18 Sep 2024
MID-SHIP Fertilizer – Sept 18, 2024
Market Overview: We start the week on a positive note, while last week, all markets traded down, each within a very narrow range. Broker Team Estimates and Historical Data: Please refer to the chart below, which illustrates our broker team estimates for commodity-specific trade lanes and the historical range they have traded in the past […]
Read MoreMarket Insights 11 Sep 2024
MID-SHIP Report: Dry Bulk Freight Market – Sept 11, 2024
The story of the Capesize market this year and this summer has been strong supply-side fundamentals. The daily average of the time charter routes has peaked twice in recent months – $29,365 in early May and $32,250 in early July – we today stand at about $28,000. The largest bulkers have enjoyed a volatile summer […]
Read MoreMarket Insights 10 Sep 2024
MID-SHIP Alumina/Bauxite – Sept 10, 2024
Market Overview: Post summer season and the market traded within a very narrow range this past week. The trend continued with the Cape size was showing strength. Note Panamax rounds in the Pacific have reached almost double those for a transatlantic round. Current Market Conditions: A quiet start to the week. Notably, since Friday, rates […]
Read MoreMarket Insights 28 Aug 2024
MID-SHIP Petcoke Report – Aug 28, 2024
Market Overview: The end of the summer season and the market traded within a very narrow range. Current Market Conditions: A quiet start to the week. Notably, since Friday, rates have fallen further across all sectors. Broker Estimates and Historical Data: Please refer to the chart below, which illustrates our current broker estimates and the […]
Read MoreMarket Insights 20 Aug 2024
MID-SHIP Cement Report – Aug 20, 2024
Market Overview: Aside from Capesize vessels, which demonstrated strong performance this week, the market traded within a very narrow range. Current Market Conditions: Today marks a quiet start to the week. Notably, since Friday, Panamax daily rates have fallen below those of Supramax vessels. Broker Estimates and Historical Data: Please refer to the chart below, […]
Read MoreMID-SHIP News 12 Jul 2024
Matthew I. DeLuca, Jr.
We regret having to pass on the sad news that, yesterday, our Founder, Partner, Mentor and Friend, Matthew I. DeLuca, Jr., passed away peacefully at home surrounded by his beloved wife Marguerita, his loving son Matthew, and their family. Matt was 86 years old. It is a great loss for all of us who knew […]
Read MoreMarket Insights 07 Jun 2024
MID-SHIP Report: Dry Bulk Freight Market – Jun 7, 2024
Sentiment in the cape size market is positive, reflecting a tight new vessel order book, expectations that Chinese ore imports will continue in the face of declining steel production, as Japan, Korea, and Taiwan are increasing steel production as their economics continue to improve. Long-haul West African sources continue to support firm front haul rates. […]
Read MoreMID-SHIP News 01 Mar 2024
MID-SHIP Group: Celebrating 50 Years of Excellence!
MID-SHIP’s 50th Anniversary! We proudly announce that the MID-SHIP Group is celebrating its Golden Anniversary today, March 1, 2024, marking an incredible milestone of 50 years of dedication to client service, innovation, and success! Since our inception in 1974, the MID-SHIP Group has been a standard bearer for highly customized personal service in the dry […]
Read MoreMarket Insights 23 Feb 2024
MID-SHIP Report: Dry Bulk Freight Market – Feb 23, 2024
Last Wednesday saw a notable surge in trade activity as both China and Brazil re-entered the market following the conclusion of the Lunar New Year and Carnival festivities. This resurgence has led to significant breakout in cape market performance, with prices soaring from approximately $18,800 two weeks ago to the current level of $26,000. The […]
Read MoreMarket Insights 15 Feb 2024
MID-SHIP Marine – Time Charter Global Rates – Feb 15, 2024
Time Charter Global Rates Subscribe below to receive the full report.
Read MoreMarket Insights 09 Feb 2024
MID-SHIP Report: Dry Bulk Freight Market – Feb 9, 2024
The past week unfolded with a subdued tone, attributed in part to the anticipation surrounding the Lunar New Year and Carnival celebrations. However, amidst this calm, significant events have transpired, notably the targeted strikes on Houthi targets in response to ongoing attacks on shipping in the Red Sea and Gulf of Aden and resulting increases […]
Read MoreMarket Insights 07 Feb 2024
MID-SHIP Marine – Baltic Exchange Indices – Feb 7, 2024
Baltic Exchange Indices CAPESIZE INDEX is at 2371 UP 229 / 10.69% PANAMAX INDEX is at 1428 UP 9 / 0.63% SUPRAMAX INDEX is at 1041 UP 4 / 0.39% HANDYSIZE INDEX is at 577 DOWN 5 / -0.86% Subscribe below to receive the full report.
Read MoreMarket Insights 07 Feb 2024
MID-SHIP Marine – Baltic Exchange Time Charter Averages – Feb 7, 2024
Baltic Exchange Time Charter Averages Subscribe below to receive the full report.
Read MoreMarket Insights 16 Jan 2024
MID-SHIP Report: Dry Bulk Freight Market – Jan 16, 2024
Welcome to 2024 and what will likely be another challenging year in the freight market. Despite good supply-side fundamentals, the market remains volatile due to the many factors impacting the global economy and our spot markets. Two questions: Has the market found a post-holiday, new-year bottom? And why aren’t freight rates higher? Subscribe below to […]
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