Larger Vessels Drag Baltic Dry Bulk Index Down
The Baltic Exchange's dry bulk freight index fell on Thursday, hurt by weaker rates across larger segments. The main Baltic index fell 99 points, or 2.7 per cent, to 3,521.
The Baltic Exchange's dry bulk freight index fell on Thursday, hurt by weaker rates across larger segments. The main Baltic index fell 99 points, or 2.7 per cent, to 3,521.
In a significant reversal of its Red Sea policy Hapag-Lloyd sent a service through the Suez Canal last week as global freight demand continues to rise
The Baltic Exchange's dry bulk freight index inched up on Tuesday, buoyed by stronger Capesize rates. The main Baltic index rose nine points, or 0.3 per cent, to 3,584.
Freight rates for Russian oil shipments from Novorossiysk to India remain high despite a sharp correction in the Mediterranean tanker market, as many shipowners continue to avoid the Russian Black Sea port because of security risks, shipping and trading sources…
The Baltic Exchange's dry bulk sea freight index rose 51 points on Thursday to 3,107, its highest level in nearly three months, extending gains for a sixth consecutive session as rates increased across all vessel segments.
The Baltic Exchange's dry bulk sea freight index extended its winning streak to a fifth consecutive session on Wednesday, buoyed by gains across all vessels, with Capesize segment climbing to an over two-week high.