baltic dry index

News

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

Finance

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

News

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

News

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

News

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

News

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

News

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