BDI Down Slightly

Wednesday, April 12, 2000
The Baltic Dry Index (BDI) was down 3 points on Wednesday to 1,681, Panamax up 3 to 1,516, Capesize down 15 to 2,354 and the Handy up 3 to 1,184 points. Softer rates in the Atlantic caused the decline in the Capesize index by 15 points, the first fall since March 24, but leaving the index with a net gain of 540 points since the start of the year. Firmer rates for Panamaxes were seen in the Atlantic with Cargill taking the 1995-built Stalo 73,000 dwt delivery Morocco mid-April trip via East Coast South America redelivery Skaw-Passero at $11,600 daily. Also, unnamed Far Eastern charterers fixed the 1988-built Hanza 70,200 dwt delivery Italy spot for a trip via US Gulf or Brazil to the Far East at $11,500 daily. Brokers reported strong demand for Lakesize tonnage but details of fixtures were yet to surface.

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter May 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Bulk Carrier Trends

Baltic Index Down on Lower Demand for Larger Vessels

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Wednesday hurt by sluggish demand for large vessel sizes.

Commodities Shipping Firms Struggle to Ride Out Worst Downturn

Shipping companies transporting coal, and iron ore and other commodities are urgently seeking ways to conserve cash and withstand the worst market downturn on record

Singapore Exchange in Talks to buy Baltic Exchange

Baltic Exchange privately owned by 380 shareholders. The Singapore Exchange (SGX) is in exclusive talks to buy London's Baltic Exchange, which has been at the

 
 
Maritime Careers / Shipboard Positions Maritime Security Naval Architecture Navigation Offshore Oil Port Authority Salvage Ship Electronics Ship Repair Winch
rss | archive | history | articles | privacy | 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: 0.0609 sec (16 req/sec)