The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, gained on Tuesday for the fourth straight session as rates across vessel segments rose.The overall index, which factors in rates for capesize…
DemandThe improved fundamentals during 2017 are clearly seen in the freight rate levels during the first four months of 2018. Freight rates for Handysize, Supramax and Panamax went up by 25-27 percent as compared to the same period of last year…
The United States on Thursday said it will impose tariffs on aluminum and steel imports from Canada, Mexico and the European Union, reigniting investor fears of a global trade war as Washington's allies took steps to retaliate against U.S. goods…
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Thursday snapping eleven sessions of losses, supported by stronger capesize vessel rates.The overall index, which factors in rates for capesize…
Coffee exports from Brazil, the world's largest producer, in May are likely to be 900,000 60-kg bags less than expected due to a nationwide truckers protest that hampered transport to ports, exporters association Cecafé said on Wednesday.The…
The current global economic growth (GDP) looks like it may be as good as it gets, with indicators across the globe signaling healthy expansion, but at a slower pace compared to the levels seen in the last half of 2017.Global economic growth seems on track to reach its highest level since 2011…
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Wednesday for the eleventh straight session as demand fell across all vessel segments.The overall index, which factors in rates for capesize…
DryShips, a diversified owner and operator of ocean going cargo vessels, announced that it has agreed to acquire one 2013-built Newcastlemax drybulk carrier and one 2017-built Suezmax tanker, each constructed in China. The vessels will…
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Tuesday to a six-week low as rates across vessel segments fell.* The overall index, which factors in rates for capesize, panamax and supramax shipping vessels…
Canadian Pacific Railway conductors and locomotive engineers on Friday rejected the company's latest contract offer, with their union saying negotiations would resume and raising the prospect of another possible strike at Canada's second-largest railroad…
The port stakeholders and experts in the supply chain of the Asia-Pacific zone have renewed their trust to HAROPA for the 6th time (HAROPA is the 5th North-European port complex grouping together the ports of Le Havre, Rouen and Paris): HAROPA…
Kawasaki Kisen Kaisha (“K” Line) is proud to announce the delivery of “Corona Xanadu,” an 88,000 DWT-type special coal carrier at Shin Kasado Dockyard of Imabari Shipbuilding Group Japan on May 23, 2018. Corona Xanadu is same type as “K”…
Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Koch Shipping, Singapore, for one of its Capesize dry bulk vessels, the m/v P. S. Palios. The gross charter rate is US$17…
GRUPO ETE enabled the largest Portuguese clinker export ever, to its client Cimpor - an InterCement company – by concluding the loading of 55,902 metric tons on the bulk carrier Vinayak, bound for Ghana.This export operation, completed in a record time…
Supply and Demand in the bulk transport sectors will define the course line ahead. Less ships and more cargo will be the key.The drybulk sector – where iron ore, coal, grain and other raw materials dominate – is still wrestling with a decade…
