Insight
Ocean freight outlook for the seaborne coal trade market
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
During 2015 the ocean freight market for dry bulk commodities has seen probably the lowest ocean freight rates since the late 1980s. The outlook for the seaborne dry bulk (SDB) trade presents large number of uncertainties as it has entered into a lower growth rate stage. The SDB trade is expected to growth at 1.4% pa during the next five years, which contrasts significantly with the past 13 years where the SDB trade grew at an annual rate of 6.8%. The reduced growth rates are mainly caused by a lower demand for iron ore in China, which has averaged 16% pa in the last ten years, and now are expected to fall to 3% to 4% in the middle term. We are forecasting that SDB trade will growth at 2.8% during 2016 and 2017. Low ocean freight rates continue to be the result of an oversupply of vessel capacity.
Table of contents
- Executive summary
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Seaborne dry bulk trade
- Dry bulk carriers fleet distribution by year of build (YTD October 2015)
Tables and charts
This report includes the following images and tables:
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Seaborne dry bulk trade (Mt)Dry bulk trade net increase and 4TC average Baltic Capesize IndexBaltic Dry Bulk Index history
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Ocean freight outlook for the seaborne coal trade market: Image 4Net increase in vessel fleet (Mdwt)Ocean freight outlook for the seaborne coal trade market: Image 6Ocean freight outlook for the seaborne coal trade market: Image 7Bunker price in Singapore vs Dubai oil priceBaltic Atlantic capsize voyages routes C7 and C4 vs bunker prices at RotterdamBaltic capesize time charter and voyages routes ratesCapesize earnings forecast (real 2015 US$/day)Panamax earnings forecast (real 2015 US$/day)
- 1 more item(s)...
What's included
This report contains:
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