The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, rallied to its highest in more than 11 years on Friday, fuelled by strong demand across vessel segments.The overall index, which factors in rates for capesize…
Throughout the first half of the year, talk of a new dry bulk super cycle has been on many lips as commodity prices have soared to multi-year highs. Freight rates and ship values have also risen but although they exceed prices seen during most of the 2010s…
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose to its highest in over a month on Wednesday as demand across vessels segments rose.The overall index, which factors in rates for capesize…
The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, edged up on Tuesday, supported by gains in rates of panamax and smaller vessel segments.The overall index, which factors in rates for capesize…
Shipments of limestone on the Great Lakes totaled 3.8 million tons in July, an increase of 11% compared to a year ago, according to the Lake Carriers’ Association (LCA). The trade was a near match to the month’s 5-year average.Loadings from U…
The Baltic Exchange's main sea freight index rose on Thursday on stronger vessel rates, with capesizes at a near three-month peak.The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, rose by 58 points…
Shipments of iron ore on the Great Lakes totaled 5.7 million tons in July, an increase of 61.8% compared to a year ago, according to the Lake Carriers’ Association (LCA). Shipments were 3.2% above the month’s five-year average.Year-to-date the iron ore trade stands at 26…
Benchmark iron ore futures in China rose more than 3% on Tuesday, after five straight sessions of declines fuelled by speculations of a relaxation in steel output controls.'Affected by the notice of rectifying campaign-style carbon reduction efforts…
The Baltic Exchange's main sea freight index dipped on Monday on losses in the large and medium-sized vessel segments.The index, which factors in rates for capesize, panamax and supramax shipping vessels carrying dry bulk commodities, inched 10 points lower…
The Port of New Orleans (Port NOLA) discharged 300 steel coils on June 10, 2021, to barge at Coastal Cargo breakbulk and heavy-lift terminal at the Louisiana Ave. Complex that were transported to the barge from the SK Shipping Star Challenger…
Ships leaving the Argentine agricultural ports hub of Rosario on the Parana River are having to reduce cargos by thousands of tonnes due to low water levels, the local head of logistics said on Wednesday, amid growing environmental concerns…
Deliveries of cocoa beans to Ivory Coast's two main ports have slowed in recent weeks as an energy crisis hit industries in the world's top cocoa-growing nation, exporters and cocoa cooperative officials said on Thursday.A lack of shipping containers…
Ships leaving the Argentine agricultural ports hub of Rosario on the Parana River are having to reduce cargos by thousands of tonnes due to low water levels, the local head of logistics said on Wednesday, amid growing environmental concerns…
China's state planner, the National Development and Reform Commission (NDRC), said on Monday it and the market regulator are jointly looking into the iron ore spot market and have pledged to crack down on hoarding and speculation.The move comes…
The Baltic Exchange's main sea freight index snapped a seven-session winning streak on Friday as capesize rates declined, but was up for the second straight week.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels…
