Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
Shipping & Freight Cost Increases, Freight Capacity, and Shipping Container Shortage [2021] - freight rate still as high as 400% compare to a year ago. The QR profit should improve further.
Dry bulk shipping costs soar and the rally looks set to continue.
Demand for cargoes of raw materials like coal and iron ore has jumped this year, outpacing an expansion of the fleet as economies recover from the ravages of the pandemic. Exacerbating tight vessel supply, Covid-19-related disruptions have cut how many ships are available, tilting the market further in favour of owners.
Leo, Shin Yang do provide dry bulk services in record although only a small portion only. However, that is not the point. Dry bulk rate is just a reference of higher freight rate generally.
From what I experienced from other counters. Probably this is how the operator play with us.. Heavy dispose just to wash us out forcing cut loss, then later afternoon or few days later start to fly..