Baltic Index

Panamax Vessel Rates Surge to 6-week High

The global Panamax dry bulk vessel index has surged more than 60% over the past month – reaching a six-week high – due to renewed vessel demand following the Chinese New Year holidays, says an article published by Montel News.

Reasons Behind This
  • The Baltic Panamax Index (BPI), which tracks rates for the 60,000-80,000 deadweight tonne segment, was assessed last at 900 points.
  • It has rebounded from its early-February low of 552 points, a level not seen since June 2016.
  • “Sentiment is now...

http://mfame.guru/panamax-vessel-rates-surge-to-6-week-high/

Bulk Report – Week 8, 2019

The Baltic Briefing has released Bulk carrier maritime activity report for the 8th week of this year. The report formulated on 22nd February 2019 highlights the situation in the bulk carrier market including trading activities, freight rates, and charter rates.

Here’s a glimpse of that report.

Capesize

Gloom continued to beset the market for the big ships, with Dalian port last week imposing a ban on Australian coal imports and capping coal imports from all sources by the end of 2019 at 12 million...

http://mfame.guru/bulk-report-week-8-2019/

Bulk Report – Week 6, 2019

The Baltic Briefing has formulated the weekly dry bulk carrier report for the sixth week of this year. The report formulated on 8th February 2019 highlights the maritime industry’s activities this week.Capesize Market

The Vale disaster weighed heavily on the market for big ships, with uncertainty about shipments/future exports leading to a sharp drop in rates.

  • The miners have largely been absent from the market, with just a handful of others there with cargoes to move, and rates are expected to...

http://mfame.guru/bulk-report-week-6-2019/

Baltic Dirty Tanker Index Down by 30% Strong Snapback Expected

The world oil market is witnessing volatility as the maritime industry changes itself to make it viable as per the new IMO 2020 regulations. Charter rates are collapsing, barrels of cargo carrying fleet tankers are going off the market. Despite all this, the analysts in the industry haven’t entirely dimmed the prospects of the shipping industry.

This excerpt from a Bloomberg article written by Firat Kayakiran analyzes the present situation and underlines what the future has in store for us.

The...

http://mfame.guru/baltic-dirty-tanker-index-down-by-30-strong-snapback-expected/

Bulk Report – Week 4, 2019

The weekly highlights of the Baltic Briefing are here. This report showcases the bulk carrier market scenario of week 4 of 2019 which has been compiled on 25th January.

Capesize

A week of dashed hopes for owners as the optimism evident the previous week evaporated. Rates slipped on all routes and underlying threats of a cyclone in West Australia saw the miners on the sidelines.

  1. The West Australia/China route fell to $6.00 for 6 February onwards and cyclone worries receded, many hoped this was the...

http://mfame.guru/bulk-report-week-4-2019/

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