Baltic Exchange

Red Sea developments fail to overcome seasonal lull as rates correct

With the Chinese New Year over and liner operators adjusting their operations to accommodate the diversions round the Cape of Good Hope, rates have peaked and are likely to face downward pressure until the next pick-up in the third quarter, according to the Baltic Exchange’s report.

Freightos’ research lead, Judah Levine, one of the report’s writers, noted that rates from Asia to North Europe and the Mediterranean declined throughout February. North Europe rates decreased by 17% to US$4,553/FEU...

https://container-news.com/red-sea-developments-fail-to-overcome-seasonal-lull-as-rates-correct/

Red Sea crisis changes container shipping situation from glut to tightness

The closure of the Suez route has changed the fundamental outlook for container shipping in 2024, with a potential capacity crunch in Asia looming in the short term, according to the January report of the Baltic Exchange.

In the report, Vespucci Maritime CEO Lars Jensen wrote that up until mid-December 2023, the baseline outlook for 2024 was for a continued cyclical downturn likely with freight rates bottoming out in late 1Q or early 2Q 2024.

Jensen wrote, “After this, it was anticipated that...

https://container-news.com/red-sea-crisis-changes-container-shipping-situation-from-glut-to-tightness/

Tankers International, Baltic Exchange team up to boost data sharing for VLCC fixture app

Tankers International, a London-based shipping pool for very large crude carriers (VLCCs), revealed it will be partnering with the Baltic Exchange to further enhance data sharing and the provision of market insights for its VLCC fixture app.

The post Tankers International, Baltic Exchange team up...

https://www.offshore-energy.biz/tankers-international-baltic-exchange-team-up-to-boost-data-sharing-for-vlcc-fixture-app/

Baltic Exchange Gas Report : VLGC Auction Price Is Playing On People’s Minds

LNG

With Australia-Japan BLNG1g hovering with a close of $146,642 (a rise of just shy of $2,000) on the week, there have been firm enquiries made for Australia liftings in December with a few other FOB cargoes reported in the AG. Tonnage is available with sublet ships being shown, while currently major players are well covered on their own programs.

The US market saw some drops on the indices but there is no doubt the VLGC auction price is playing on people’s minds. With ships looking at huge...

https://mfame.guru/baltic-exchange-gas-report-vlgc-auction-price-is-playing-on-peoples-minds/

Baltic Exchange Bulk Report : Increased In Mineral Demand

Capesize

The capesize market started the week on a sluggish note with the PPA conference in Perth creating a quieter atmosphere, leading to reduced trading volumes in the Pacific and a softening of rates. Despite some stabilisation in conditions midweek, the Pacific market remained uninspiring with limited activity and rates on the C5 route dipped. However, as the week drew to a close, there was a slight uptick in volumes and rates on C5 have nudged back up by 45 to 50 cents. In the Atlantic,...

https://mfame.guru/baltic-exchange-bulk-report-increased-in-mineral-demand/

Baltic Exchange Bulk Report : Increased In Mineral Demand

Capesize

The capesize market started the week on a sluggish note with the PPA conference in Perth creating a quieter atmosphere, leading to reduced trading volumes in the Pacific and a softening of rates. Despite some stabilisation in conditions midweek, the Pacific market remained uninspiring with limited activity and rates on the C5 route dipped. However, as the week drew to a close, there was a slight uptick in volumes and rates on C5 have nudged back up by 45 to 50 cents. In the Atlantic,...

https://mfame.guru/baltic-exchange-bulk-report-increased-in-mineral-demand/

Baltic Exchange Dry Index to Trade at 2045.56 Points

Credits: Venti Views/Unsplash

A recently published trading economics news source deals with the shipping industry market and demand.

Baltic Exchange Dry Index

Baltic Exchange Dry Index is expected to trade at 2045.56 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 2379.51 in 12 months time.

The Baltic Exchange’s main sea freight index, which measures the cost of shipping goods worldwide,...

https://mfame.guru/baltic-exchange-dry-index-to-trade-at-2045-56-points/

BAI Index October 2023: Market Summary

Credits: Baltic exchange

Baltic Exchange summarizes the BAI Index for October 2023.

Onwards and upwards – through peak season and beyond

After a long and at times dizzying fall from the giddy peaks of the Covid era, it seems that air freight rates may have finally bottomed out – and are now rising into not just a genuine peak season bounce, but perhaps beyond that.

During September, the overall Baltic Air Freight Index (BAI00) gained +11.0% over the four weeks to 2 October, cutting its decline over...

https://mfame.guru/bai-index-october-2023-market-summary/

Weekly Bulk Report – Week 36, 2023

Credits: Balticexchange

The Baltic Exchange has released a report about the dry bulk market for the 36th week of shipping activities this year. The report dated 8th September 2023 highlights the dry bulk market conditions at the on-sight of the 36th week.

Capesize

The capesize market witnessed an eventful week. It began energetically in the Pacific, where all three major players actively participated, leading to a positive response to the C5 market. As the week progressed, the market experienced...

https://mfame.guru/weekly-bulk-report-week-36-2023/

Weekly Bulk Report – Week 31, 2023

Credit: Tom Fisk/Pexels

The Baltic Exchange has released a report about the dry bulk market for the 31st week of shipping activities this year. The report dated 04th August 2023, highlights the dry bulk market conditions at the on-sight of the 31st week.

Capesize

The cape market had a sluggish start to the week but gradually exhibited signs of improvement and positivity as the week progressed. The anticipated momentum in the Pacific fizzled out by the middle of the week despite the presence of two...

https://mfame.guru/weekly-bulk-report-week-31-2023/

+ More
Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.
icon
By subscribing, you agree with our privacy policy and our terms of service.