Aug 9 (Reuters) - The Baltic Exchange's main sea freight index rose on Friday, buoyed by an uptick in demand across all vessel segments, but still posted its third straight week of losses. * The Baltic index, which tracks rates for ships ferrying dry bulk commodities, rose 28 points, or 1.6%, to 1,748 points. * The index on Thursday broke a 12-session losing streak, but … [Read more...]
Baltic Dry Index Falls for Eighth Session
Aug 1 (Reuters) - The Baltic Exchange's main sea freight index fell for an eighth straight session on Thursday, as increased vessel supply and easing demand for shipping iron ore dragged down capesize rates, while soft South American orders hurt panamaxes. * The Baltic index, which tracks rates for ships ferrying dry bulk commodities, fell 3%, or 56 points, to 1,812 … [Read more...]
Baltic Dry Index Hits 5-1/2 Year High
July 15 (Reuters) - The Baltic Exchange's main sea freight index hit a five-and-a-half-year high on Monday on the back of strong demand for capesize vessels shipping iron ore. * The Baltic index, which tracks rates for ships ferrying dry bulk commodities, rose 3.4%, or 63 points, to 1,928, its highest since January 2014. The index has tripled since February. * The index … [Read more...]
Baltic Dry Index Hits 11-Month High on Strong Demand for Iron Ore Shipping
July 9 (Reuters) - The Baltic Exchange's main sea freight index rose to its highest in 11 months on Tuesday, driven by higher rates for larger capesize vessels on strong demand for shipping iron ore. * The Baltic index, which tracks rates for ships ferrying dry bulk commodities, rose about 2%, or 34 points, to 1,759, its highest since early August. * The index rose 28% … [Read more...]
Trade War Finally Hits Commodity Shipping, Confounding Optimists
By Prejula Prem and Firat Kayakiran (Bloomberg) -- The commodity shipping industry was expected to sail through the trade war unscathed. Tariffs were being slapped on hundreds of goods and yet shipping rates for dry bulk -- the segment that hauls billions of tons of coal, iron ore and crops around the globe -- kept rising. No more. The Baltic Dry Index is within a whisker … [Read more...]