The Baltic Exchange's main sea freight index, which measures rates for ships carrying dry bulk commodities, edged lower on Tuesday, as rates declined across capesize and panamax vessel segments.* The main index, which tracks rates for capesize, panamax and supramax shipping vessels, fell 21 points, or 1%, to 2,017 points.* The capesize index was down 56 points, or 1.7%, at 3,261.* Average daily earnings for capesize vessels…
The London P&I Club has renewed calls on ship owners, operators and charterers to address potential risks when loading Flexible Intermediate Bulk Containers (FIBCs) containing dry chemicals. The warning follows a number of incidents reported…
The Baltic Exchange's dry bulk sea freight index, which measures shipping rates for vessels transporting dry bulk commodities, recorded its fourth consecutive weekly decline on Friday, dragged down by losses across all vessel segments for the week…
Dry bulk contracting falls 70% below average amid low rates.“Over the past three months, dry bulk newbuilding contracting has been 70% below the yearly average. Declining freight rates in recent months, a cloudy outlook and high newbuilding prices contributed to the slowdown…
Thordon Bearings has delivered COMPAC water-lubricated propeller shaft and SXL rudder bearings to replace oil- and grease- lubricated bearings onboard McKeil Marine’s bulk carrier Northern Venture as part of a major refurbishment project.Established in 1956…
The Lake Carriers' Association (LCA) on Wednesday reported that shipments of limestone on the Great Lakes totaled nearly 3 million tons in November, a decrease of 4.9 percent compared to a year ago. Limestone cargos were a mere 8,340 tons below the month’s 5-year average…
“Between January and November 2024, Russian seaborne dry bulk exports have decreased 5% y/y, driven by a 10% y/y decrease in coal shipments. The price competitiveness of Russian coal has deteriorated, compared to Mongolian, Indonesian and Australian cargoes…
The lowest offer in an international tender from Bangladesh's state grains buyer to purchase and import 50,000 metric tons of wheat which closed on Monday was assessed at $286.08 a metric ton CIF liner out, European traders said.Offers are still being considered and no purchase has yet been made…
The UK Marine Accident Investigation Branch has published its investigation report into the mooring deck accident on the bulk carrier Mona Manx that resulted in one death.The incident occurred on August 26, 2021. The second officer (2/O) of…
“The Baltic Dry Index (BDI) has recovered since the start of November due to stronger capesize freight rates, but the index is still down 10% y/y. The capesize market has benefited from a 1% increase in shipments so far in November compared to October 2024 and November 2023…
