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Sea Freight

Forwarders’ Volumes Continue to Fall

Following five consecutive monthly increases, the overall Stifel Logistics Confidence Index fell 1 index point to 51.5 in April. Despite the decline, the index remained above the significant 50 mark, denoting expansion, for the third consecutive month. However, a look at the present situation reveals that both air and sea freight volumes are below those expected relative to the time of year. Although the index for sea freight remained virtually flat at 47.4 in April (down 0.1 points from March), it still indicates a decline in volumes. Meanwhile, the index for current air freight volumes fell 1.2 points to 42.0 for the month, indicating an even greater decline relative to the volumes expected for the time of year. In terms of year-on-year comparisons, the sea freight index was 1.4 points higher in April 2013 compared with April 2012. In contrast, the index for air freight was 2.7 points lower compared with the same month last year. Since the Index’s inception over a year ago, the outlook for the next six months has remained very optimistic with respondents consistently anticipating positive volume growth. Although this trend continued in April, with the index at 58.4, it fell 1.3 points which suggests respondents are perhaps becoming less confident in a market revival taking place any time soon.


European Commission to Limit Sulphur Emissions

On July 15, the European Commission published the proposed amendments of the "sulphur directive." Ministers of the EU member states and members of European parliament will begin debates on the directive in the autumn. The proposal is based on the decision made by the International Maritime Organization IMO in 2008 to set the more stringent limits of sulphur content of the bunker fuel and emissions. The severe consequences it will cause to the North Europe have become clear


Little Change in Overall Shipping Confidence

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Little change occurred in the latest monthly Stifel Logistics Confidence Index. Slipping only 0.1 points from 57 in March to 56.9 this month, the overall index did however favor improvements in the present situation increasing 1.6 points to 51.8. However, expectations for the next six months dimmed falling 1.8 points to 62 for April. The monthly airfreight data is such an example. For April, the present situation increased 0.5 points to 49 whereas expectations declined 2 points to 61.3


Baltic Sea Freight Index Down

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell for a ninth straight session on Friday on lower vessel activity. The overall index, which factors in the average daily earnings of capesize, panamax, supramax and handysize dry bulk transport vessels, fell 30 points, or 2.43 percent, to 1,205. The Baltic's capesize index fell 37 points, or 1.58 percent, to 2,306 points.


Falling Vessel Rates Pull Down Baltic Sea Freight Index

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell for a tenth straight session on Monday as vessel rates continued to fall. The overall index, which factors in the average daily earnings of capesize, panamax, supramax and handysize dry bulk transport vessels, fell 19 points, or 1.58 percent, to 1,186. The Baltic's capesize index fell 13 points, or 0.56 percent, to 2,293 points.


Baltic Sea Freight Index Down, Capesize Rates Slump

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell for an 11th straight session on Tuesday, mainly driven by a heavy drop in capesize vessel rates. The overall index, which factors in the average daily earnings of capesize, panamax, supramax and handysize dry bulk transport vessels, fell 88 points, or 7.42 percent, to 1,098. The Baltic's capesize index fell 264 points, or 11.5 percent, to 2,029 points.


Baltic Sea Freight Index Down Again

The Baltic Exchange main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell on Wednesday for a 12th straight session on weak rates for capesize vessels. The overall index, which factors in the average daily earnings of capesize, panamax, supramax and handysize dry bulk transport vessels, fell 37 points, or 3.37 percent, to 1,061. The Baltic's capesize index fell 83 points, or 4.09 percent, to 1,946 points.


Baltic Sea Freight Index at All-time Low

Pic credit: International Chamber of Shipping

 The Baltic Exchange's main sea freight index slid to an all-time low on Monday as sluggish cargo demand especially from China battered sentiment, according to data on Monday from the Baltic Exchange in London.  The overall index was down 5 points, or 0.89 percent, at 554 points, the lowest level for which Baltic data is available that dates back to January 1985. The Index is tracking rates for ships carrying dry bulk commodities


Stronger Panamaxes Boost Baltic Sea Freight Index

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, made minor gains on Thursday on higher rates for the panamax and smaller vessel segments.   The overall index, which factors in average daily earnings of capesize, panamax, supramax and handysize vessels, rose two points, or 0.36 percent, to 561 points.   The panamax index was up seven points, or 1.22 percent, at 583 points.  


Baltic Sea Freight Index Up

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose Monday on higher demand for smaller vessels. The overall index, which factors in average daily earnings of capesize, panamax, supramax and handysize vessels, rose three points, or 0.53 percent, to 568 points. The panamax index was up three points at 590 points. Average daily earnings for panamaxes, which usually carry coal or grain cargoes of 60,000 to 70,000 tonnes


Baltic Index Perks up on Increased Rates for Bigger Vessels

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, edged higher on Thursday as rates for bigger vessels rose.   The overall index, which factors in average daily earnings of capesize, panamax


Baltic Index up on Higher Rates for Bigger Vessels

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities inched up on increased rates for bigger vessel segments.   The index, which factors in average daily earnings of capesize, panamax, supramax and handysize dry bulk transport vessels


Baltic Index Inches up on Higher Vessel Activity

  The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities edged higher on increased activity for bigger vessel segments.   The index, which factors in average daily earnings of capesize, panamax


Baltic Sea Freight Index Down on Muted Shipping Activity

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, edged lower on Monday on muted shipping activity.   The index, which factors in average daily earnings of capesize, panamax, supramax and handysize dry bulk transport vessels


Baltic Sea Freight Index Flat for Second Straight Session

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, remained flat for the second straight session on Friday on muted vessel activity.   The index, which factors in average daily earnings of capesize, panamax


Baltic Sea Freight Index Steady, Vessel Activity Muted

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, remained flat on Thursday due to muted vessel activity.   The index, which factors in the average daily earnings of capesize, panamax, supramax and handysize dry bulk transport vessels


Baltic Sea Freight Index Falls on Muted Vessel Activity

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell on Wednesday due to muted vessel activity.   The index, which factors in the average daily earnings of capesize, panamax, supramax and handysize dry bulk transport vessels


Lower Vessel Rates Pull Down Baltic Sea Freight Index

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell on Tuesday on lower vessel rates. The index, which factors in the average daily earnings of capesize, panamax, supramax and handysize dry bulk transport vessels, dropped five points


Baltic Freight Index Falls

  The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell on Thursday as weak demand took its toll on vessel rates. The index, which factors in the average daily earnings of capesize, panamax


Baltic Sea Freight Index Down on Lower Rates

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell on Wednesday, pulled down by a fall in rates across all vessel segments. The index, which factors in the average daily earnings of capesize, panamax


U.S. Port Delay Boost February Air Freight

Global air freight volumes rose 11.7 percent year-on-year in February, driven by the Chinese New Year, the International Air Transport Association said on Wednesday. Freight volumes traditionally increase in the weeks leading up to the holiday, which last year occurred in January


Baltic Sea Freight Index Up on Higher Capesize Rates

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose on Tuesday, mostly on higher capesize rates.   The index, which factors in the average daily earnings of capesize, panamax, supramax and handysize dry bulk transport vessels


Baltic Sea Freight Index Edges Higher

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, edged higher on Monday as rates rose for vessels across all segments. The index, which factors in the average daily earnings of capesize, panamax


Baltic Sea Index Down as Weak Demand Hits Vessel Rates

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell on Friday as lack of demand took a toll on rates for most of the vessel segments.   The index, which factors in the average daily earnings of capesize, panamax


Baltic Sea Freight Index Flat on Muted Vessel Activity

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, remained steady on Thursday due to a muted vessel activity.   The index, which factors in the average daily earnings of capesize, panamax






 
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