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 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...]

Brazilian Port Operators Seeking Ways to Reduce Panama Canal Tariffs

By Ana Mano SAO PAULO, April 2 (Reuters) - Brazilian port operators including units of global grain traders Cargill Ltd and Bunge Ltd will unveil a proposal this week to lower Panama Canal tariffs and cut their costs in shipping agricultural commodities to their main market China. They will argue that at current tariffs, shipping grains from Brazil's northern ports via … [Read more...]

Dry Bulk Market Prospects Worsen After Brazil Dam Disaster, Golden Ocean Says

OSLO, Feb 19 (Reuters) - The prospects of dry bulk shippers carrying iron ore from mines to smelters have worsened due to the accident at Vale's Brumadinho dam in Brazil, Golden Ocean said on Tuesday as it presented forecast-beating quarterly earnings. The dam in the town of Brumadinho, which contained tailings, the mud-like byproducts of iron ore mining, burst on Jan. 25, … [Read more...]