The Freight Factor: takeaways from the expertsDuring Singapore Iron Ore Forum 2015, we hosted a panel of freight industry experts to discuss recent trends in the dry bulk freight market. Speaking companies included Noble Chartering, Swiss Marine, Cargill, Castleton Commodities International, Tata NYK Shipping and Singapore Exchange (SGX).
Key themes included the evaporation of forward demand for FFAs; impact of lower port congestion; low freight rates opening up new trade routes; the trend towards larger vessels; the high level of capesize demolitions to date this year; and the freight rate outlook.
SGX Freight volume growth continues to build strong momentum. Year-to-date, volumes are already more than 55% higher than the total volume cleared in 2014. Meanwhile, open interest has approximately doubled since the beginning of the year.
The Freight Factor: dry bulk market dynamics
During Singapore Iron Ore Forum 2015 (14 May 2015), we hosted a panel of dry bulk freight industry experts to discuss recent market dynamics. The panel included speakers from Noble Chartering, Swiss Marine, Cargill, Castleton Commodities International, Tata NYK Shipping and Singapore Exchange (SGX). Key themes discussed included: the evaporation of forward demand for FFAs; lower congestion at ports; new trade routes induced by low freight rates; the trend towards larger vessels; higher demolitions; and the general freight rate outlook.
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