Thursday, January 3, 2013

Baltic Dry Index Turns Black, and Capesize Owners Are Still Eating Ramen Noodles

The Baltic Dry Index, a measure of commodity shipping costs, rose for the first time since November, lifted by gains for the largest vessels as miners sought charters to export...

January 3, 2013
Total Views: 2

Thursday, December 20, 2012
capesize bulk carrier kanaris

Capesize Market Continues to Get Slaughtered as BDI Sinks Lower

The worst commodity shipping market in 26 years may persist next year as an oversupply of vessels continues to curb ship owners’ ability to boost charter rates, according to Clarkson...

December 20, 2012
Total Views: 53

Monday, December 17, 2012
bulk carrier

Analysts Predict Dry Bulk Shipping Market Rebound in 2013

At a time when equity analysts are predicting the biggest rebound in earnings for Capesize iron-ore carriers in six years, swaps traders are betting that rates in 2013 will be...

December 17, 2012
Total Views: 2

Wednesday, October 31, 2012
baltic dry index

Tokyo-Based Shipping Companies Hit Hard, MOL Predicts Loss of 24 Billion Yen

(Bloomberg) — Nippon Yusen K.K., Japan’s biggest shipping line, lowered its annual profit forecast and Mitsui O.S.K. Lines Ltd. predicted a loss as rates for carrying commodities slump amid a...

October 31, 2012
Total Views: 0

Friday, October 12, 2012
china shipping development company stock quote

Chinese Dry Bulk Shippers Advance as Spot Charter Rates Jump

(Bloomberg) — China Shipping Development Co. and China Cosco Holdings Co., the nation’s biggest operators of dry- bulk ships, both rose the most in three weeks in Hong Kong trading because of...

October 12, 2012
Total Views: 0

Tuesday, September 11, 2012
steel rebar industrial

Market Talk: Capesize Rates Could Bounce to $20k

The dry-bulk shipping market has been in the doldrums again of late (the Baltic Dry Index is again near record lows and recently had a 31-session streak of declines), no...

September 11, 2012
Total Views: 0

Monday, August 6, 2012
diana shipping panamax bulk carrier

Panamax Fleet Highest Since 2005, Rates Continue Downward Spiral

(Bloomberg) — Daily rates for Panamax vessels, that typically haul coal and grains, plunged to the lowest in more than eight weeks as a glut of ships swamps the number...

August 6, 2012
Total Views: 1

Friday, July 13, 2012
grain carrier bulk liberty maritime

Too Much Dry Bulk Tonnage, Capesize Rates Continue Their Plunge

(Bloomberg) — Daily rates for the largest commodity carriers fell for a fourth session amid a surplus of available ships to haul cargoes. Returns for Capesizes, the largest ships hauling...

July 13, 2012
Total Views: 0

Thursday, July 12, 2012
bulk carrier bosphorus shutterstock

Bulk Carrier Rates Plunge As Predicted, Baltic Dry Index Follows

(Bloomberg) — Earnings for the largest commodity carriers fell for a third day as vessels outnumbered cargoes after last week’s gains drew idled ships back into the market. Daily income...

July 12, 2012
Total Views: 1