baltic dry index

News

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

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