MarineLink News Search
Search term • BDI-Up-9
Create an email alert for BDI-Up-9
Baltic Dry Index Weak, Shipping in Troubled Waters
Baltic Dry Index (BDI), which tracks the cost of shipping iron ore, coal, grain and other materials, is continuing to remain weak as Chinese imports of commodities…
Oversupply, China Slowdown Push Freight Prices Down
Freight shipping prices have plummeted to a historic low, fueled by a long-standing problem of too many ships and lower demand from China, as per a report in AFP.
Euroseas Reports Results FY & Q4 2014
Euroseas Ltd. an owner and operator of drybulk and container carrier vessels and provider of seaborne transportation for drybulk and containerized cargoes, announced…
Shipping Rates Drop as China Cuts Coal Need
Shipping costs plunged to almost the lowest on record following tumbling demand for coal in China and weakening growth in the nation’s iron ore purchases, reports Bloomberg.
Suez Canal Providing Respite for Shipping Industry
Whereas the slow pace of recovery of the global economy fails to ease the pain in the global shipping industry significantly, the “no increase of Suez Canal tolls” announcement by the Suez Canal Authorities is a welcome easing. On February 4, 2015, the Suez Canal Authority published its Transit Dues for the year 2015, stating that there will be no increase of tolls for 2015. They shall thus remain unchanged from 2014.
BIMCO: Bulk Market Awaits Freight Rates Lift
Dry Bulk Shipping: All eyes on Brazilian iron ore exports, as we await the long-anticipated lift in freight rates. The freight market, which performed so well in Q1, has certainly not delivered in the past four months. BDI has dropped from 1,621 on March 20 to hit 747 on July 29. Panamax ships have not been above $10,000 per day since February 20, but below $5,000 per day for most of June and July.
COSCO Corporation (Singapore) announced 2Q 2014 results
Singapore Exchange mainboard-listed COSCO Corporation (Singapore) Limited a leading ship repair & marine engineering and shipping group, today announced its 2nd…
Mercator Lines Profit Hit by Low Bulk Freight Rate
Mercator Lines (Singapore) reported a revenue of US$ 16.5 million for Q1 2015, an increase of 19% as compared to correspoding period in the previous previous year…
Shippers Eye Trade Boost from El Nino Threat
A potential El Nino weather phenomenon, which could wreak havoc on global crops, is set to disrupt shipping patterns and raise freight costs, leaving suppliers and importers to cover their food needs from longer-haul destinations. El Nino, a warming of sea-surface temperatures in the Pacific, can trigger floods and drought in different regions, hitting production of key foods such as rice, wheat and sugar.
The Year in Review
The last 12 months has been one for the books ... or the trash. There was no shortage of government inducements to turn the lackluster tide in 2012—stimulus spending in China and Japan, quantitative easing by the U.S. Federal Reserve, and multiple actions by the European Central Bank to strengthen the Eurozone. But as the year evolved, weak macroeconomic fundamentals decisively trumped monetary policy initiatives and continued their choke on global commerce, hence the maritime sector.
COSCO Group (Singapore) Report Decline in Bulk Shipping, Shipyard Revenue in Q1
Against the backdrop of a difficult business environment, the Group achieved turnover of $978.7 million with a net profit attributable to equity holders of $27.8 million.
Seanergy Maritime Holdings Reports Q1 Results
Seanergy Maritime Holdings Corp. (NASDAQ: SHIP; SHIP.W) announced today its operating results for the first quarter ended March 31, 2011. “Against challenging conditions, with the BDI down 50% from Q1 2010, Seanergy’s strategy of securing long term agreements with reputable charterers, as well as the fact that we have been operating a larger fleet this year, effectively insulated our revenues from the worsening market environment seen during the first quarter of the year.
TBS International Reports Q4 and Year 2010 Financial Results
DUBLIN, IRELAND, Mar 15, 2011 (MARKETWIRE via COMTEX) --TBS International plc (NASDAQ: TBSI) announced today its financial and operating results for the fourth quarter and year ended December 31, 2010. Joseph E. "The TBS results for the fourth quarter 2010 reflect the ongoing downward pressure on dry cargo freight rates that have continued into the first quarter of 2011, as evidenced by the Baltic Dry Indices.
China's Demand Slows, BDI Index Unlikely to Jump
According to a London report issued Aug. 14, dry bulk freight rate index climbed by 2.5% on Friday at Baltic Mercantile and Shipping Exchange, a moderate rise for two consecutive days.
Navios 1Q Report
Navios Maritime Partners L.P. (NYSE: NMM), an owner and operator of Capesize and Panamax vessels, reported its financial results for the three month period March 31, 2009.
Financial Crisis and Shipbuilding
Anyone who was in Hamburg late last month the the SMM 2008 exhibition would contend that the shipbuilding market is stronger than ever, as the expo drew a record of nearly 2…
Dry Bulk Trends
The dry cargo freight market was generally little changed last week, with Capesize conditions remaining basically steady but quiet, brokers said. Panamax activity was brisk from South America…
BDI Up 9
The Baltic Dry Index (BDI) rose nine points to 1,660, the Baltic Panamax Index gained four points to 1,557, the Baltic Handy Index firmed six points to 1,157, and…
BDI Down Slightly
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…
Capesize Rates Ease
Easier conditions were seen for Capesizes in the Atlantic sector of the dry cargo freight market, brokers said last week. Some brokers believed that the gap between…