Baltic index snaps 10-session losing streak as capesize rates gain
LONDON : The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, snapped a 10-session losing streak on last Friday, supported by gains in capesize rates. The
Dry bulk newbuild contracting fell 34.2%, despite a strong market : BIMCO
LONDON : “During the first half of 2024, newbuild contracting in the dry bulk sector fell 34.2% y/y despite favourable market conditions. A 6.5% y/y increase in prices could be deterring contracting, yet in
Baltic index declines as capesize rates fall
LONDON : The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, edged lower on Monday as rates for capesize vessels declined. The overall index, which factors in
Gujarat Pipavav Port’s total container volume down 17.08% in Q1, dry bulk volumes fall 18%
PIPAVAV : Gujarat Pipavav Port, on Thursday, announced a 17.08% year-on-year (YoY) decline in its container volumes for the first quarter of fiscal 2025 at 1.65 lakh twenty-foot equivalent units (TEUs). The company reported
Dry Bulk Market: Freight Rates and Ships’ Prices on the Rise
ATHENS : The dry bulk market is witnessing a “euphoria” phase of past times, with freight rates and asset prices on the rise over the past few weeks. In its latest weekly report, shipbroker
Baltic dry bulk index logs best week in more than two months
LONDON : The Baltic Exchange’s main sea freight index marked its best week in more than two months on Friday, despite a daily decline attributed to weakness in capesize vessel segment. The overall index,
