Bulk Shipping News

 

Baltic Index Snaps 7-day Win Streak as Capesize Drags

Aug 19, 2019

The Baltic Exchange's main sea freight index fell on Monday, breaking a seven-day winning streak as rates for capesize vessels eased.The Baltic index, which tracks rates for ships ferrying dry bulk commodities, fell 21 points, or 1%, to 2,067 points…

USDA Sees bigger-than-expected U.S. Corn Crop

Aug 12, 2019

The U.S. corn harvest will be bigger than previously forecast, the U.S. Agriculture Department said on Monday, as the government issued a surprise boost to its outlook despite concerns about a wet spring and dry summer.For the 2019/20 crop year…

Softer Capesize Demand Drags Down Baltic Index

Aug 06, 2019

The Baltic Exchange's main sea freight index fell for an eleventh straight session on Tuesday to nearly one-month lows, pushed down by lower rates for capesize vessels due to sluggish demand in both Atlantic and Pacific regions.The Baltic index…

Weak Iron-Ore Demand Weighs on Baltic Index

Jul 31, 2019

The Baltic Exchange's main sea freight index fell for a seventh straight session on Wednesday, as demand for shipping iron-ore fell in the Atlantic.The Baltic index, which tracks rates for ships ferrying dry bulk commodities, fell 1.6%, or 31 points…

Baltic Index Dips as Panamax Rates Slide

Jul 29, 2019

The Baltic Exchange's main sea freight index fell to a more than two-week low on Monday, weighed down by weaker rates for panamax vessels.The Baltic index, which tracks rates for ships ferrying dry bulk commodities, fell 0.8%, or 15 points, to 1…

China: U.S. Shipped 'several million tonnes' of Soybeans

Jul 29, 2019

The United States has shipped several million tonnes of soybeans to China since the two country's leaders met in June, Chinese state media said on Sunday, ahead of fresh trade talks in Shanghai this week.Chinese companies have made inquiries about buying U…

Baltic Index Propelled Again by Capesize, Panamax Demand

Jul 17, 2019

The Baltic Exchange's main sea freight index rose on Wednesday, driven by demand for capesize and panamax vessels.The Baltic index, which tracks rates for ships ferrying dry bulk commodities, rose 2.6%, or 53 points, to 2,064, its highest since January 2014…

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