MarineLink News Search
Search term • Baltic-Dry-Index
Create an email alert for Baltic-Dry-Index
Shipping Market in 2015 & Looking Forward - BIMCO
Global economy: menacing clouds in the sky cast a shadow on global economic developments 2015 never really took off, even though the global economic activity looked stronger earlier in the year.
No End to Capesize Dry Bulk Misery
Rates from Australia to China fall to 14-year low; Brazil to China capesize rates drop to 7-year low. Freight rates for capesize bulk carriers on key Asian routes…
Historic Low for Baltic Dry Bulk Freight Index
The Baltic Dry Index fell 4.7 percent to 484 points, the lowest in Baltic Exchange data starting in January 1985. Baltic Dry Index is compiled by the London-based…
Bulkcarrier Market Looks Bullish
Bulkcarrier investors are generally an optimistic lot, with little time for pessimistic analysts, says a research report by Clarksons. They know that however gloomy the forecasts…
Chinese Shipyard New Orders Slump
Drop in commodity prices has slashed global demand for bulk carriers, pushing shipyards out of business, says Chinese news agency Caixin. Huai Jinpeng, a vice minister…
Dry Bulk in Dimlight
Worse is still to come for many bulk carriers, warns a report in the Economist that claims that the dry-bulk cargo shipping has hit the bottom. Between the start…
Slower China Growth Hurts Global Shipping Sector: Fitch
China's slower growth and economic transition will pose significant risks for the already struggling shipping sector, rating agency Fitch said. The shipping sector is already faces overcapacity…
Baltic Dry Index rises 17% in Sept
Sparking speculation that a recovery in commodities could be around the corner, the Baltic Dry Index, a measure of shipping costs for commodities, has risen 17.5 per cent since September 15…
World Shipping Hit by Slump in Global Trade
Dashing hopes of a quick recovery from the global trade recession earlier this year, world shipping has fallen into a deep slump over the late summer, says a report in the Telegraph.
Dry Bulk Market Crisis: Opportunity or Threat?
The shipping industry is experiencing the biggest dry bulk market recession since the 1980s, as uncertain global economic outlook and increased imbalance between supply and demand have lead to historically low freight rates .It seems the downturn will continue until 2017 if a viable equilibrium is not achieved. The recent measures in 2013 which promoted the replacement of older tonnage with newer, in combination with the Chinese financial backing…
Record Bulk Shipping Demolition Rates in 1H15
Monthly demolition rates in the dry bulk shipping sector averaged 3.3 million DWT for 1H15, according to new figures from BIMCO, compared to 1.3 million DWT last year.
New Record Year in Dry Bulk Demolition Underway - BIMCO
The monthly average for the first six months in 2015 is 3.3m DWT. In 2014 the first half year averaged at 1.33m DWT per month. April 2015 saw 5.36 million DWT being retired from active service…
Shipping Confidence at 7-year Low -Survey
Overall confidence levels in the shipping industry fell during the three months to May 2015 to a level equal to the lowest rating recorded in the past seven years, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens. Respondents complained predominantly about low freight rates and overtonnaging, while some expressed continuing doubts about private equity funding.
Globus Maritime Reports Q1 Loss
Greece-based dry bulk shiping company, Globus Maritime has been pushed back into the black by miserable dry bulk rates, but the company has said that it is awaiting market improvements within 2015.
Baltic Dry Index Climbs to an All Year High
The dry bulk market has been devastating so far in 2015. However, June has somehow reversed it all in less than three weeks if judged by the Baltic Dry Index (BDI). June has delivered what May was unable to – keeping the momentum going. Since the drop in January, we have seen the BDI average at 576 for the four months of February to May. In contrast to that the BDI stand at 829 on 24 June 2015. According to data from Commodore Research, Chinese iron ore fixtures hit an all-year-high in mid-May.
Dry Bulk Shipping to Stay Low
Goldman Sachs can't see an end to the dry cargo downturn until at least 2020 on a glut of vessels and stalling cargo growth, says a report in Bloomberg. Overcapacity…
Near Term Outlook Mixed for Shipping
Shipping services company Clarkson PLC warned that the outlook for the industry remains mixed in the short term and dry bulk and offshore in particular present challenges.
Can Shipping Lines Survive?
The world's shipping lines risk bankruptcy and will have to shed assets in order to stay afloat. The outlook for the global container shipping industry remains challenging for the remainder of 2015…
NORDEN CEO: Bulk Market Challenges to Continue
Klaus Nyborg, interim CEO at Denmark-based dry bulk and product tanker shipping company Dampskibsselskabet NORDEN A/S, expects difficult dry cargo market conditions to continue through 2015 as the tanker market has come off to a good start. “2015 looks like it is going to be quite a challenging year in dry cargo just as 2014,” Nyborg stated in an editorial for the NORDEN spring magazine. Adapting to the market difficulties…
Golden Ocean CEO: Dry Bulk Shipping Market May Rebound
Dry bulk shipping charter rates remain well below break even levels, pushing vessel scrapping to record highs, though some market improvement is expected in the second quarter, Herman Billung, the CEO of shipping firm Golden Ocean said. Dayrates have plunged as China's slowdown reduced its iron ore imports while the market is flooded with brand new vessels entering the market, sending the Baltic Dry index to an all-time-low of around 500 points in February from around 1,600 points a year ago.