Caper Boom Not Over Yet

Friday, October 15, 1999
Caper Boom Not Over Yet There were no signs that the recent caper boom was over yet despite last Tuesday's relatively modest gain on the Baltic Capesize Index of 31 points to 1,753, brokers said. The slightly softer condition for early Panamaxes in the U.S. Gulf persisted but for end October and November positions there appeared to be a slight upward trend in rates, they added. Owners were said to be reluctant to ballast to the U.S. Gulf or the east coast of South America due to firm bunker prices. Panamax rates from the Continent and in the East were reported to be at the very least steady, while handy size rates were also generally steady but few details emerged about fixtures from the Lakes, U.S. Gulf or the east coast of South America. While the Baltic Freight Index (BFI) rose seven points to 1,308, the Baltic Panamax Index and the Baltic Handy Index were both unchanged at 1,236 and 945 respectively.
Maritime Reporter May 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Cruise Ship Trends

Ostebo Chosen to Head CLIA

Thomas P. Ostebo will join Cruise Lines International Association (CLIA) as the organization’s new president and chief executive officer, effective July 6, 2015.

Norwegian Cruise Ship Ran Aground off Bermuda

The Norwegian Dawn cruise ship with more than 3,700 people on board ran aground in Bermuda after the vessel temporarily lost power.   Small boats, divers and

GAC Sets its Sights on UK Cruise Business

Cruise Manager appointed to coordinate integrated cruise support nationwide   GAC UK is boosting its services for the cruise industry with the appointment of Fergus Poole as Cruise Manager.

Bulk Carrier Trends

Asia Dry Bulk-Capesize Rates Mixed on Uncertainty

Capesize rates slide after hitting 5-month high. Rates for capesize bulk carriers eased this week after hitting their highest since December, and could come

HSH Bank to Split Off Bad Shipping Loans

German lender HSH Nordbank could split off a "bad bank" for non-performing shipping loans as part of a plan to create a sustainable business model, according to a person familiar with the matter.

CSD, Cosco JV to Buy Vale's Bulk Carriers

China Shipping Development (CSD) and Cosco have established a joint venture (JV), China Ore Shipping Pte., in Singapore to purchase four 400,000 dwt ore carriers from Vale and operate them.

 
 
Maritime Careers / Shipboard Positions Naval Architecture Pipelines Pod Propulsion Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction Sonar 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: 0.1004 sec (10 req/sec)