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

Bulk Carrier Trends

Demand, Bunker Pricing Spurs Asia Dry Bulk-Capesize Rates

Owners asking $1 per tonne more on Australia-China rates; Panamax rates climb to two-month high, but remain under pressure. Freight rates for large capesize

Star Bulk Carriers Reports 1Q Loss, Adds 3 Vessels.

The Athens, Greece-based Star Bulk Carriers Corp. (SBLK) has reported a loss of $48.8 million in its first quarter. The shipping company posted revenue of $46.

Agthia Signs 25-year Lease in Abu Dhabi

Abu Dhabi Ports and Agthia Group PJSC have signed a lease agreement aimed at expanding the group’s existing Grand Mills Flour and Animal Feed facilities at Zayed Port.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Ship Electronics
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: 0.0573 sec (17 req/sec)