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Sea Freight

Forwarders’ Volumes Continue to Fall

Following five consecutive monthly increases, the overall Stifel Logistics Confidence Index fell 1 index point to 51.5 in April. Despite the decline, the index remained above the significant 50 mark, denoting expansion, for the third consecutive month. However, a look at the present situation reveals that both air and sea freight volumes are below those expected relative to the time of year. Although the index for sea freight remained virtually flat at 47.4 in April (down 0.1 points from March), it still indicates a decline in volumes. Meanwhile, the index for current air freight volumes fell 1.2 points to 42.0 for the month, indicating an even greater decline relative to the volumes expected for the time of year. In terms of year-on-year comparisons, the sea freight index was 1.4 points higher in April 2013 compared with April 2012. In contrast, the index for air freight was 2.7 points lower compared with the same month last year. Since the Index’s inception over a year ago, the outlook for the next six months has remained very optimistic with respondents consistently anticipating positive volume growth. Although this trend continued in April, with the index at 58.4, it fell 1.3 points which suggests respondents are perhaps becoming less confident in a market revival taking place any time soon.


Main Sea Freight Index at Baltic Exchange Raises

Pic:  Baltic Exchange Ltd

 The main sea freight index at Baltic Exchange for ships carrying dry bulk commodities rose further on Friday mostly on higher capesize rates. The index tracks rates for ships carrying dry bulk commodities.   The overall index, which factors in average daily earnings of capesize, panamax, supramax and handysize dry bulk transport vessels, rose  rose 4 pts, or 0.67%, to 597 pts.   The capesize index rose 11 points or 2.11 percent to 532 points.  


Grindrod Inks Writedown Charge, Cites Flagging Profit

South Africa's Grindrod flagged as much as 35 percent drop in annual profit on Thursday, after taking a $100 million writedown charge due to a slide in shipping rates and volumes. Africa's biggest shipping group said headline earnings per share - a widely watched measure of profit in South Africa that strips out certain one-off items - is likely to drop by between 30 and 35 percent for the year ending in December.


European Commission to Limit Sulphur Emissions

On July 15, the European Commission published the proposed amendments of the "sulphur directive." Ministers of the EU member states and members of European parliament will begin debates on the directive in the autumn. The proposal is based on the decision made by the International Maritime Organization IMO in 2008 to set the more stringent limits of sulphur content of the bunker fuel and emissions. The severe consequences it will cause to the North Europe have become clear


Little Change in Overall Shipping Confidence

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Little change occurred in the latest monthly Stifel Logistics Confidence Index. Slipping only 0.1 points from 57 in March to 56.9 this month, the overall index did however favor improvements in the present situation increasing 1.6 points to 51.8. However, expectations for the next six months dimmed falling 1.8 points to 62 for April. The monthly airfreight data is such an example. For April, the present situation increased 0.5 points to 49 whereas expectations declined 2 points to 61.3


Stronger Panamaxes Boost Baltic Sea Freight Index

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, made minor gains on Thursday on higher rates for the panamax and smaller vessel segments.   The overall index, which factors in average daily earnings of capesize, panamax, supramax and handysize vessels, rose two points, or 0.36 percent, to 561 points.   The panamax index was up seven points, or 1.22 percent, at 583 points.  


Baltic Index Hits 14-Week Low

File Image (CREDIT: AdobeStock / (c) LucasZ Z)

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, dropped on Thursday to its lowest level in 14 weeks on falling rates across vessel segments.   The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was down 28 points, or 3.19 percent, at 850 points - its lowest level since Feb. 23.   The capesize index lost 81 points, or 5.36 percent, to end at 1,430 points.  


Broad Declines drag Baltic Index down

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Tuesday on lower rates for capesize, panamax and supramax vessels. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was down 13 points, or 1.83 percent, at 696 points. The capesize index was down 36 points, or 4.1 percent, at 841 points. Average daily earnings for capesizes, which typically transport 150


Baltic Index Up on Firmer Panamax Rates

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Wednesday, helped by stronger demand for panamaxes and smaller vessels.   The overall index that gauges the cost of shipping cargoes including iron ore, cement, grain, coal and fertiliser, was up 10 points, or 2.73 percent, to 376 points.   The panamax index rose 25 points, or, 5.92 percent to 447 points.  


Baltic Index Down on Lower Capesize, Panamax Rates

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, slipped on Friday, as demand for capesize and panamax vessels fell.   The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, fell seven points, or about 1 percent to 703 points.   The capesize index was down 20 points, or 1.76 percent at 1,117 points.  


Baltic Index Win Streak at 9 Straight Days

File Image (CREDIT: AdobeStock / Lucasz Z)

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Friday for the ninth straight session, on higher rates for capesize and smaller vessels.   The overall index, which factors in rates for capesize, panamax


Baltic Index Rises on Stronger Capesize Rates

File Image (CREDIT: AdobeStock / (c) Lidian Neeleman)

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Thursday supported by robust demand for capesize vessels.   The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels


Baltic Index Gains for Seventh Straight Session

© bergamont / Adobe Stock

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose for seventh session in a row on Wednesday supported by stronger demand for larger vessels.   The overall index, which factors in rates for capesize, panamax


Baltic Index Advances on Firm Capesize Demand

File Image (CREDIT: AdobeStock / (c) Lukasz Z)

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Tuesday on stronger rates for capesize and panamax vessels.   The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels


Smaller Tonnage Buoys Baltic Index

File Image: a handy sized bulk carrier (FedNav)

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Monday, tracking gains across panamax and smaller vessel segments.   The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels


Stronger Rates Across Vessels Lift Baltic Index

© Aihsan Ariturk / Adobe Stock

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Friday as rates climbed further across vessel segments. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was up 12 points, or 1


Baltic Index Rises on Higher Rates across All Segments

© sergeevspb / Adobe Stock

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Wednesday, helped by higher rates across all vessel segments.   The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels


Baltic Index Snaps Eight-session Losing Streak

© Amarinj / Adobe Stock

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Tuesday to snap an eight-day losing streak, boosted by improved rates across all vessel segments. The overall index, which factors in rates for capesize, panamax


Baltic Index Down Again

File Image (CREDIT: AdobeStock / (c) Lidian Neeleman)

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, inched lower on Monday on weaker rates for larger vessels.   The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was down 2 points, or 0


Weaker Capesize Rates Pull Baltic Index Down

© Hellen Sergeyeva / Adobe Stock

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Friday as rates for capesize vessels slid. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was down 7 points, or 0


Capesize Sector Drags Baltic Index Down Again

File Image (CREDIT: AdobeStock / (c) Lucasz Z)

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for the sixth straight session on Thursday, weighed down by lower rates for capesize vessels.   The overall index, which factors in rates for capesize, panamax


Baltic Index Falters Again

File Image (CREDIT: AdobeStock / (c) Lidian Neeleman)

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, slipped for the fifth straight session on Wednesday, hurt by lower rates for larger vessels and supramax.   The overall index, which factors in rates for capesize, panamax


Lower Rates for Large Vessels Weighs on Baltic Index

File photo: d’Amico Group

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, slipped for the second straight session on Friday on weak rates for larger vessels. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels


Baltic Index Down as Capesize Rates Weigh

File Image (CREDIT: AdobeStock / (c) Lidian Neeleman)

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, edged lower on Thursday as demand for larger vessels fell.   The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was down 9 points, or 0


Capesize Demand Buoys Baltic Index

File Image: A large Capesize bulker underway at sea. (CREDIT: AdobeStock / (c) Lucasz Z)

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Wednesday as demand for capesize vessels increased.   The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was up 26 points, or 2






 
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