Capesize

Baltic Index Dips As Larger Vessels Take A Step Back

Credit: Hellas Posts /Eagle Bulk

The Baltic Exchange’s main sea freight index on Tuesday fell to its lowest level in nearly four weeks, pressured by a dip in the larger capesize and panamax vessel segments.

Panamax Segment Hits Four-Month Low

The overall index, which factors in rates for capesize, panamax and supramax shipping vessels carrying dry bulk commodities, fell 24 points, or 2.3%, to 1,044 – its lowest level since June 8.

Supramax Index Remains Stable 

The capesize index dipped 50 points,...

https://mfame.guru/baltic-index-dips-as-larger-vessels-take-a-step-back/

Diana Shipping Inc. Announces Completion Of A Joint Venture

Credit: Tom Fisk/Pexels

Diana Shipping Inc. announced that through a limited partnership it signed an investment agreement for the acquisition by a Norwegian entity of a 75% partnership interest in m.v. “DSI Drammen”, while maintaining 25% of the partnership interest, says an article published on their website.

Term loan facility

The Company acquired the vessel earlier this year. The financing of the vessel was also concluded, with the drawdown of US$15.4 million from Nordea Bank Abp, filial i...

https://mfame.guru/diana-shipping-inc-announces-completion-of-a-joint-venture/

Weekly Bulk Report – Week 11, 2023

Credit: Shutterstock / nektofadeev

The Baltic Exchange has released a report about the dry bulk market for the 11th week of shipping activities this year. The report dated 17th March 2023, highlights the dry bulk market conditions at the on-sight of the 11th week.

Capesize

The Capesize lifted $2,401 for its time charter average on Tuesday, but failed to keep up the uprising trend throughout the week. It closed at $15,867, which is still an improvement week-on-week. The Atlantic basin cooled off in...

https://mfame.guru/weekly-bulk-report-week-11-2023/

Baltic Index Rises Over 10 Week-high On Capesize, Panamax Demand

Credit: rinson-chory-2vPGGOU-unsplash

Baltic index hits over ten-week high on stronger capesize, panamax demand, reveals an XM news source.

Baltic Exchange’s main sea freight index

The Baltic Exchange’s main sea freight index .BADI, tracking rates for ships carrying dry bulk commodities, rose to its highest level since late December on Monday, supported by stronger rates across capesize and panamax segments.

* The overall index, which factors in rates for capesize, panamax and supramax...

https://mfame.guru/baltic-index-rises-over-10-week-high-on-capesize-panamax-demand/

Weekly Bulk Report – Week 7, 2023

Credit: Shutterstock / nektofadeev

The Baltic Exchange has released a report about the dry bulk market for the 7th week of shipping activities this year. The report dated 17th February 2023, highlights the dry bulk market conditions at the on-sight of the 7th week.

Capesize

There was an overriding negative sentiment in the sector this week as the Cape 5TC average fell from $4,432 to $2,246 on Friday. This was largely led by the Atlantic and a number of fixtures are down significantly. However, it...

https://mfame.guru/weekly-bulk-report-week-7-2023/

+ More