Shipbrokers Simpson, Spence and Young's Pacific Capesize Index fell 45 points to 4,060 in the week ending Jan. 24. "A fresh decline in the Pacific Capesize Index this week indicated that the market has turned in the charterers' favor. Although we feel that this is only a temporary change in direction," SS&Y reported. "The demand forecasts from Asia and Japan in particular remain bullish towards the back end of the first quarter," SS&Y added. SS&Y's Atlantic Capesize Index fell 71 points to 4,248 in the same week. "The Atlantic Capesize index lost another 71 points this week and has dropped 213 points since the start of the year, but we feel that this is line with our predictions of some months ago, and that it will begin to rise again around the latter part of the first quarter," SS&Y reported. "However, Richards Bay bucked the trend of falling rates with a 10 cent rise, and despite the market appearing to be in the charterers favor, the fine balance between supply/demand means that this could change in an instant," SS&Y added.
Shipbrokers Simpson, Spence and Young's Pacific Capesize Index fell 54 points and its Atlantic Capesize Index fell 79 points in the week ending Monday to 5,123.
Shipbrokers Simpson, Spence and Young's Pacific Capesize Index rose 37 points to 3,287 in the week ending Sept. 27. "Cargoes uncovered for October helped to steady rates and even saw a slight improvement in places, which led to a modest 37 point gain in this week's index," SS&Y reported.
Shipbrokers Simpson, Spence and Young's Pacific Capesize Index was down 12 points to 4,282 in the week ending Nov. 22. "Short-term prospects remain good as the plethora of Chinese enquiry is not fully covered yet, as well as some Atlantic-bound cargoes for December, which leaves a few opportunities for owners," SS&Y reported. "The firm tone should prevail over the coming week but thereafter the market will need fresh inquiry
Shipbrokers Simpson, Spence and Young's Pacific Capesize Index rose 123 points in the week ending Monday to 5,726. "A major resurgence from Japanese interests heated the spot market in the Pacific with rates rising accordingly. Because of the tightened supply situation any new interest will boost the market," SS&Y said. "Several charterers have already covered early November positions, but enquiries are still relatively plentiful leading to a conclusion of continued strength in the Pacific for
The Baltic Dry Index (BDI) fell 16 points to 1,452, the Baltic Panamax Index (BPI) lost 25 points to 1,553, the Baltic Handymax Index (BHI) eased 46 points to 9,527 and the Baltic Capesize Index (BCI) was down 17 points to 1,744. - (Reuters)
Change Of Sentiment Seen In Atlantic Sector The dry cargo freight market saw a 15 point decline in the Baltic Panamax Index to 1,595, which was largely caused by a change of sentiment in the Atlantic, brokers said. March tonnage in the U.S. Gulf was struggling to obtain previously fixed levels and rates to the Far East in particular were lower, they added. Capesize rates remained steady but handy sizes were in stronger demand world-wide and there were signs that the hitherto depressed
The dry cargo freight market remained firm for Capesize tonnage worldwide and for Panamaxes in the east, brokers said mid last week. Conditions remained weak for Panamaxes and Handysizes but grain brokers reported a substantial amount of fresh Atlantic grain. However, for Handysizes in particular the Continent and Mediterranean were difficult areas for owners. The Baltic Dry Index (BDI) and Baltic Panamax Index rose 28 points to 1,393 and 1,348 respectively
Some stiff rate increases for Atlantic capers were seen for business to China and for trans-Atlantic coal, brokers said last Wednesday. Panamax rates were still drifting from the U.S. Gulf due to lack of orders, but levels in the Far East for these vessels remained firmer, they added. Conditions for handy size vessels and to a lesser extent smaller geared tonnage, were generally better in the Atlantic. The Baltic Freight Index (BFI) rose six points to 1,223
Star Bulk Carriers Corp. (Nasdaq: SBLK), a global shipping company focusing on the transportation of dry bulk cargoes announced that the company has sold contracts in the Freight Forward Agreement ("FFA") market on the Capesize index for Calendar 2009 for a total of 360 calendar days with an average rate of approximately $19,900 per day. The Capesize index refers to a modern Capesize dry bulk carrier. The contracts are intended to serve as an approximate hedge for one of the
Takes Delivery of the Baltic Lion; Vessel to Commence Spot Market-Related Time Charter. Baltic Trading Limited announced today that it has taken delivery of the Baltic Lion, a 2012-built Capesize vessel. The Baltic Lion is the second of two Capesize vessels to be delivered to the Company under
The Baltic Exchange inform it will be making significant amends to the Baltic Capesize Index including a change to its vessel description, amends to the route weightings and the addition of three new routes, as follows: The move follows a formal consultation process with the dry bulk
Baltic Trading Limited has accepted delivery of the first of two new bulk carriers, 'Baltic Tiger', a 179,185 dwt Capesize vessel, and found a time charter for the vessel without delay. The Baltic Tiger delivered to its charterer, Swissmarine Services S.A
Capesize difficulties countered by smaller vessel gains. Drewry Maritime Research’s latest Dry Bulk Insight report published in Januray highlights the changing fortunes of the market. December saw a large drop in the Drewry Hire Index
Dry bulk transporters, Baltic Trading announce net loss in Q1 2012 Baltic Trading Limited transports iron ore, coal, grain, steel products and other drybulk cargoes along worldwide shipping routes. Baltic Trading Limited's current fleet consists of two Capesize
Seanergy Maritime Holdings Corp. announced today that it has entered into new time charter agreements for one of its Panamax vessels and two of its Capesize vessels. The M/V BET Intruder, a 69,235 dwt Panamax dry bulk carrier built in 1993
Baltic Trading Limited (NYSE: BALT), a drybulk company focused on the spot market, has taken delivery of the Baltic Bear, a Capesize newbuilding, and the Baltic Jaguar, a 2009-built Supramax vessel. The Baltic Bear and the Baltic Jaguar are the third and fourth vessels, respectively
Star Bulk Carriers Corp. (NasdaqGM: SBLK), a global shipping company focusing on the transportation of dry bulk cargoes announced that the company entered into a new one-year time charter agreement for the Star Theta, a 52,425 dwt 2003-built Supramax vessel, at a gross daily rate of $11,300
Genco Shipping & Trading Limited (NYSE: GNK) announced that it has taken delivery of the Genco Titus, a 177,000 dwt Capesize newbuilding. The Genco Titus is the fourth vessel to be delivered to the Company under Genco's previously announced agreement on July 18
Increased demand in the Atlantic is likely to keep Panamax trading into positive territory this week, shipbrokers said on Monday. They said Atlantic Capesize freight rates had risen in recent days, especially for Capesizes available for early loading positions and time-charters.
The Baltic Dry Index (BDI) rose one point to 1,429, the Baltic Panamax Index (BPI) gained three points to 1,560 and the Baltic Handymax Index (BHI) firmed 35 points to 9,220, while the Baltic Capesize Index (BCI) was down four points to 1,702
The Baltic Dry Index (BDI) fell 18 points to 1,468, the Baltic Panamax Index (BPI) lost 29 points to 1,578, the Baltic Handymax Index (BHI) eased 57 points to 9,573 and the Baltic Capesize Index (BCI) was down 18 points to 1,761.
The Baltic Dry Index (BDI) fell six points to 1,496, the Baltic Panamax Index (BPI) lost 12 points to 1,626, the Baltic Handymax Index (BHI) firmed 14 points to 9,649 and the Baltic Capesize Index (BCI) was down seven points to 1,788.
Freight rates for Capesize ships have been hammered this week, falling by the biggest margin seen in over four years, brokers said. London shipbroker SSY said this represented “the largest single week fall,” since it launched its Capesize indices in January 1997
Freight rates for Capesize bulk carriers are bouncing back from a 15-week dive, as Japanese steel producers rush for ships to carry coal and iron ore cargoes bought at last year's prices. "Japanese buyers would have taken contracts for 2000 with options for additional cargoes of iron ore and