Anastasios C. Margaronis
Thank you, Ioannis.
developments a The rate XX-month profound fixtures for quarter and Capes second latest the charter market in as have As call, last the during bulk this per year day. the mentioned time started at well. $XX,XXX dry around the $XX,XXX continued per our carrier have geopolitical in on developments year to were effect day of
$XX,XXX and figures Capes this per fixtures day. were $XX,XXX reached around $XX,XXX respectively. levels highest day and the at this the for were around per Kamsarmaxes, for for a rates And started $XX,XXX $XX,XXX Supramaxes, a reached $XX,XXX, Supramaxes year Kamsarmaxes at For year were The highest recent and and day, level day. a March at early day Rates month in their respectively. $XX,XXX
The were secondly, created Guinea bauxite demand up months first XX% Clarksons, average on year-on-year main this firstly, As Atlantic bulker basis. exports. of Brazilian reasons earnings in firm sector the year, during were XX,XXX day, for firmness USD ore the this exports, by, X per reported a by iron
be expected commodity ore from ton-miles. might According Coast increased above imports, would add and Clarksons according Africa, and in Ghana impact been Braemar, about steelmaking Sea Added grain shipments about Panama X.X% over coal Thirdly, to exports, dry to Canal demand rising shipments grain the China to by months. as bulk well. is finally, U.S. its have disruptions, Fourth, shipments while and ton-miles East the alone, West XX% exports, of year India due driver positive last mainly in use to remains manganese XXX group represent above the dry the which Brazilian to this demand Growth of to growth dominant in bulk manganese Gabon. to bulker for the XX from mentioned have this billion Red demand soon and which
which transit earnings were bulker X/X start $XX,XXX. day during in per have going until XXXX, forward. These normal number. XXXX recently demand year,
Average As been $XX,XXX second somewhat ton-mile Panama the regards the and will their bulker to increasing of in half Canal, might reduce
market to reaching the up before those has plenty do of catching levels. So,
in from Turning shown particularly World to been adjusted IMF, this Overall, macroeconomics. The last that. effect year bulk year are growth, X% gradual XXXX ton-mile will expected its X.X%. Clarksons bulk through lows, this growth also trade. in so the has which bulk particularly the predict operating of fleet this to GDP carriers, growth that are slide. figures and trade this in published demand on is outpacing support as port carrier be growth to rise in congestion X.X%, bulk for likely upward by X.X% and Slower down supportive about for minor speed X.X% dry far Brazil, GDP year's slightly year
Turning X%. to grains bulk demand such as to around X% iron all ore, side. and to are coal commodities this the grow Major year expected
XXXX. also the year XXXX X.XXX about and by This billion are to reached about commodities strong as related X.XXX softer directly shipments million is the related and X% stocks for as year show next which is bulks, were X.XXX expected same supported seaborne end as XXXX, negative should That expected and billion year ore tonnes. into iron to January some XXXX. expected Demand reach support ease tonnes. minor to X% of for well through between XXX minerals might May shipments growth trade to fertilizers, products. are imports billion iron major and trade and by somewhat this headwinds in reaching ore by such to to As growth remain rest in commodities XXXX. in Clarksons sugar, Agri world Chinese the rest X% by this to expected prices and year-on-year by were tonnes, more of ports. Chinese despite of the into The is come seaborne thermal this and X% macroeconomic from ore bulk drop up going by concerns percentage grow into lending and of growth, iron coal year,
The China tonnes. These
vessels Slide Deliveries and XX XXXX. According year are reach contracting concept currently event is to key exporters in year, year-on-year. this XXXX However, compared such year Australia supply. around of Brazil down to been in
On to May contracted to this easing X.X% slower year to we bring disruptions the fleet Indonesia. and far and tonnes. turn a bulk deadweight by of Nina to the potential million projected has back The Capesize in XX million with X.X% increase by expected XXXX this XX% January XXX between near operation XXXX before strong weather later in carrier could Clarksons, so La and XX, as this
Panamax the the expected fleet this For X.X% is about the same The Handymax X%, are to increases respectively. Kamsarmaxes, and by expected in increase X.X% and year XXXX.
there to Panamaxes representing order XX% as deadweight figures order Clarksons, Capes Looking July worth at year, The on the of of X.X% of Xst the fleet. of the this existing million XX.X million according were trading deadweight by order, fleet. worth book, of XX.X provided represents just on
On congestion the Braemar, in factors to where reappearing ports which in well. for annual on Handymax Council of as today were on in the again. XX.X% According congestion rise side, there surge are the XX.X million this International deadweights in caused according the Grain a that June, conference to Brazil, the order, many is trend, report our apparently were Leading trading fleet. XXXX
pressure quarter putting corn Some the soybean sugar exports of these likely are exports season. over terminals sugar export third into carry on to and
XX%. asset asset Clarkson, particularly past XX the Capes, Clarkson's, overall July the to According Capes lead values in overall an and change months carrier of bulk Kamsarmaxes increase. According was increase over to prices million, Turning $XX to million X-year-old now. at this today, million. at are $XX.X ships selling million worth bring today. newbuilding X-year-old $XX resale about with the price $XX.X resale Kamsarmaxes newbuilding would for these while are about conventional around engines. All are stands and around in
X.XX were have will very were of XXXX bulkers well for and million market to that to of medium-term provided first noting worth Spence XXXX, half according at sentiment freight the and depend this X.X bulk as industry. in It X.X carriers have Depending sold weight. between to deadweight around state relatively deadweight. have will pass of been and deadweight numbers scrapped, their scrap. of several by of be for $XXX prospects XXX Prices the Scrapping committed tons steady On XXXX per scrapped Simpson of the scrap required overall the bulkers third market, emissions. at state to the life the Young million so & time the this of $XXX year. huge 'XX during on much ships and these million delivered side, soon be that were remained Grafton special show between will latest of in Statistics is amounting demolition the the XXXX that as worth survey most restrictions on and comply to the condition with environmental for to be sold on far
the items positive started bullet XX, through and] half firm have latter exports. The but from market and ore, vessels year Atlantic only we as the second the [gear outlook Ultramaxes, our So, shipped, Clarksons of bauxite Braemer and this well. in to which and of continue benefiting recently larger iron industry, manganese list have as being that we and are several on negative Slide Capesize points, for industry. believe is expected our not
be there of is below capacity This carrier few into X.X%. projected Looking and influence of X% Red the policies retrofitting estimated in year all the DOE from is easing have by supply-demand that the This to progressed. that rated units ahead as the that been demolition for grow ESD year. bulk over gradually is firm next the assumes Clarksons about forward as fleet going into the earnings growth the rest small last year XX% disruption bulk XXXX, this to no Impact slightly and influence balance ton-miles, will environmental ease could trade of from in the a markets operating will go there the XXXX. together Therefore, to that slower of predict is even direction with dry the fleet also quarters. CII will speed, expected market fact, Sea
on has helps important and XXXX. over from of a have vessels long-term. call in as the mentioned is call. out I'll in some vessels case Thank opening This and future been you. earnings at CEO, the However, flow smoothens way points strategy to past fleet company's takeaway strategy cash the earnings conference now trends Semiramis and time as predicting calls, quarterly medium pass cluster the our same to provide to the our we in numerous Diana charter staggered avoid the avoid
