@marhelmdataNov 12, 2025 · 1:46 PM

Soy slowdown in China! • Dec bookings ~2M t, Jan barely moving • Ports/ Crushers: 10.3M / 7.5M t • Soymeal down 20% → $421/t • US deal: 12M t by YE, 25M t/yr next 3 yrs Glut & weak margins = US beans sidelined. $GNK $SBLK

@marhelmdataOct 15, 2025 · 1:17 PM

Iron ore still rules dry bulk but is slipping, 41.5% (2015) → 37.1% (2025 YTD). Coal hits a decade low at 21.0%, while bauxite rockets from 2.0% → 8.4%, powered by China’s aluminium boom & Guinea’s export surge. $GNK $SBLK

@marhelmdataSep 16, 2025 · 12:34 PM

$SBLK is selling ships, stockpiling cash & steering clear of happy shipyards. No new orders as it waits out the marine fuel uncertainty.

@marhelmdataSep 4, 2025 · 1:16 PM

Capes: 3rd straight summer of boom-bust — 2025 peaked $31.7k/day in July, slid < $24k by Aug. Panas steady, up $10k → $16.8k/day. Supras $12k → $18.4k/day, Handys $10.8k → $13.6k/day. Small ships shine. $DSX $SBLK

@marhelmdataSep 3, 2025 · 9:21 PM

Next year we're headed for an attractive market in iron ore and bauxite. Solid economic activity, Chinese stimulus and increased iron ore from Vale and Simandou are important drivers. PT on 2020 Bulkers and Himalaya are increased to 165 NOK and $10, Star Bulk to $24. Per Fearnley. $2020.OL $HSHP $SBLK