Dry Bulk Trends

Friday, March 17, 2000
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 Atlantic market was improving for owners.

The Baltic Dry Index (BDI) dipped four points to 1,645 on March 14, while the Baltic Capesize Index gained four points to 2,241 and the Baltic Handy Index was unchanged at 1,110.

The weakness of the prompt South American market was illustrated by the fact that the 1987-built Michele Iuliano 64,800 dwt ballasted from Imbituba to fix coal from South Africa.

Despite modest levels, brokers said that the market for Handysizes was getting firmer in both the Atlantic and the Far East.

The demand for Capesizes remained strong in the Pacific, brokers said. - (Reuters)

Maritime Reporter March 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Bulk Carrier Trends

Can Shipping Lines Survive?

The world's shipping lines risk bankruptcy and will have to shed assets in order to stay afloat. The outlook for the global container shipping industry remains challenging for the remainder of 2015,

Massive cargo ship runs aground in US

A 33,044-ton cargo ship ran aground Wednesday in the Delaware River near the Burlington-Bristol Bridge, between Pennsylvania and New Jersey.   According to the U.

Bulk Carrier Runs Aground in Delaware River (Link to Video)

Coast Guard Sector Delaware Bay is investigating a ship aground in the Delaware River near the Burlington Bristol Bridge, which connects Burlington, NJ and Bristol Township, PA.

 
 
Maritime Contracts Maritime Security Naval Architecture Navigation Pipelines Port Authority Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0951 sec (11 req/sec)