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Dry Bulk Index Up Slightly
The Baltic Dry Index (BDI) rose one point to 1,429, the Baltic Panamax Index (BPI) gained three points to 1,560 and the Baltic Handymax Index (BHI) firmed 35 points to 9…
Excel Maritime Acquires Handymax Dry Bulk Vessel
Excel Maritime Carriers Ltd a shipping company specializing in the seaborne transportation of dry bulk cargoes, announced that it has entered into an agreement to…
Sumitomo Mitsui to Double Overseas Banking Staff
According to a Bloomberg report, Sumitomo Mitsui Financial Group Inc. will double its overseas banking staff that works on financing for ship construction, as Japan's…
Chinese Shipbuilders Plan IPOs
At least seven Chinese shipbuilders are planning share offerings, underlining China's efforts to build up its domestic fleet and branch out into the construction of more advanced vessels.
Fresh Chartering Lifts Outlook For Market
Sentiment was lifted in the dry cargo freight market last Tuesday by both an actual and potential fresh chartering inquiry from grain and coal charterers in particular, brokers said.
Capesize Rates Firm
Capesize rates firmed again worldwide but brokers said charterers were increasingly conducting business under the counter. Panamax rates were also firmer east of…
Baltic Dry Index
The Baltic Dry Index (BDI), the successor to the Baltic Freight Index, was down 12 points on Thursday to 1,301 points. The Baltic Panamax Index was down 2 to 1,251…
Capers Continue Firm, Uncertainty Rules Panamaxes
Conditions for Capesize vessels remained firm on Dec. 10, especially in the Atlantic, but uncertainty ruled the Panamax sector as owners sought to cover their vessels in advance of impending holidays…
Baltic Indices Fall In Thin Pre-Holiday Trade
A lack of fresh chartering saw the Baltic indices under pressure, brokers said last week. The Baltic Dry Index (BDI) fell four points to 1,320, the Baltic Panamax Index also fell four points to 1…
BDI Down Five Points
The Baltic Dry Index (BDI) was down five points to 1,400, the Panamax down 14 to 1,464, Capesize down 5 to 1,703 and the Handy up 4 to 1,042. Brokers reported continued…
Dry Cargo Market Mixed
A one point gain on the Baltic Dry Index to 1,320 disguised some significant differences in freight market movements since the last trading day by the Baltic Exchange on December 24, brokers said.
Chartering Conditions Dull Throughout Atlantic Sector
Chartering conditions were dull throughout the Atlantic sector of the dry cargo freight market, brokers said. Capesize activity was very limited and Panamax rates…
Capesize, Panamax Markets Remain Firm
The dry cargo freight market remained firm for Capesize tonnage worldwide and for Panamaxes in the east, brokers said mid last week. Conditions remained weak for…
Worldwide Capesize Rates Continue To Firm
Capesize rates firmed again worldwide, but brokers said charterers were increasingly conducting business under the counter. Panamax rates were also firmer east of…
Dry Bulk Trends
The dry cargo freight market saw a 15 point decline in the Baltic Panamax Index to 1,595, which was largely caused by a change of sentiment in the Atlantic, brokers said. March tonnage in the U.S.
Capesize Holds Steady, Panamax Drops
Capesize rates remained very steady worldwide, but panamax rates were weaker in the Atlantic, brokers said. There were unconfirmed reports that Navix had fixed Belmaj 149…