Sept 24 (Reuters) - The Baltic Exchange's main sea freight index jumped to a more than two-month high on Thursday as strong iron-ore shipments out of Australia and Brazil boosted demand for capesize vessels. * The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize, panamax and supramax vessels, jumped 179 points, or … [Read more...]
Baltic Dry Index Snaps 7-Day Losing Streak
July 29 (Reuters) - The Baltic Exchange's main sea freight index rose on Wednesday, after declining for seven consecutive sessions, as rates for larger capesize and panamax vessels bounced back after a series of declines. * The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize, panamax and supramax vessels, rose 53 … [Read more...]
Dry Bulk Shipping is Shrugging Off COVID-19. For Now
By Firat Kayakiran (Bloomberg) --The cost of moving commodities like coal and iron ore across the world’s oceans is surging as China lifts cargo purchases. Whether the rally will withstand the economic aftershocks of the coronavirus is a thornier question. Rates for giant capesize ships climbed to almost $31,000 a day on Wednesday, almost certainly the highest for the time … [Read more...]
Another Record Day for the Baltic Dry Index as Capesizes Surge
June 18 (Reuters) - The Baltic Exchange's main sea freight index marked its largest single-day percentage rise on Thursday, as capesize vessel segment rates jumped 50% on strong iron ore demand. * The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize, panamax and supramax vessels, rose 281 points, or about 22.6%, to … [Read more...]
Capesizes Lead Baltic Dry Index’s Record Daily Surge
June 17 (Reuters) - The Baltic Exchange's main sea freight index recorded its biggest ever daily percentage jump on Wednesday, propelled by surging capesize rates due to a spike in iron-ore shipments. * The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize, panamax and supramax vessels, rose 192 points, or about … [Read more...]