Bulk Indices Sink

Wednesday, March 28, 2001
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.
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Bulk Carrier Trends

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,

Shipbuilding: Mitsui Delivers Bulk Carrier

Mitsui Engineering & Shipbuilding Co., Ltd. (MES) completed and delivered a 56,000 dwt type bulk carrier M.V. Desert Osprey (MES Hull No. 1862) at its Chiba Works

Ship Ownership is a Closely Held Market

Even though shipping is a global industry, ownership is fairly well concentrated in a relatively small number of major centres, says a research from Clarksons.

Ports

All American Marine Delivers Ferry to Seattle

All American Marine, Inc. (AAM) today announced the delivery of a new passenger ferry that will serve the city of Seattle.    The vessel, MV Sally Fox, was dedicated

Port St. John to Install KleinPort System

Klein Systems Group Ltd. announced today that it has entered into an agreement to install the KleinPort Port Management Information System at Port Saint John, New Brunswick.

Hermes Unit, Canadian Fund to Buy $2.4B Stake in UK Ports Group

The Canada Pension Plan Investment Board (CPPIB) and Hermes Infrastructure are prepared to buy a 30 percent stake in Associated British Ports for about 1.6 billion pounds ($2.

 
 
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