Weekly Baltic Index Report

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The Baltic Exchange’s main sea freight index, says an article published on XM.

Tracking rates for ships

BADI, tracking rates for ships carrying dry bulk commodities, fell for the fifth straight week on Friday, pressured by weaker rates across vessel segments.

Fifth straight weekly fall

* The overall index, which factors in rates for capesize, panamax and supramax shipping vessels carrying dry bulk commodities, fell 19 points, or about 3%, to 621, its lowest since...

https://mfame.guru/weekly-baltic-index-report/

State Of Many Cargo Ships In Jeopardy

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  • The Capesize time charter average (5TC) lost more than 50% of its value since the middle of last week.
  • Ultramax experiences a rather stagnant week with the Atlantic generally lacking fresh enquiry. 
  • With many celebrating Lunar New Year, activity was limited in Asia. However, some regions of the Atlantic were showing signs of resistance to further reductions. 

Here’s a quick review of the status of cargo ship health around the world.

Capesize

The Capesize time charter...

https://mfame.guru/state-of-many-cargo-ships-in-jeopardy/

Baltic Dry Index Marks Fourth Consecutive Drop

Credit: rinson-chory-2vPGGOU-unsplash

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, marked its fourth consecutive weekly fall on Friday as capesize demand remained numb, says an article published on gcaptain.

Average daily earnings
  • The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was down one point to 676, levels last seen during June 2020. The index was down 11.4% for the week.
  • The capesize...

https://mfame.guru/baltic-dry-index-marks-fourth-consecutive-drop/

United Maritime: Αγόρασε δύο ιαπωνικά πλοία Capesize και ολοκλήρωσε την πώληση ενός LR2 tanker

H United Maritime Corporation ανακοίνωσε σήμερα τη συμφωνία αγοράς δύο Capesize πλοίων, του M/V Tradership και του M/V Goodship, από τη Seanergy Maritime Holdings Corp. (“Seanergy”) και την επιτυχή παράδοση του LR2 δεξαμενόπλοιου, M/T Minoansea, στους νέους του ιδιοκτήτες.

Το M/V Tradership κατασκευάστηκε στο ιαπωνικό ναυπηγείο Namura Shipbuilding Co. Ltd. το 2006, διαθέτει μεταφορική ικανότητα περίπου 176.925 dwt και είναι χρονοναυλωμένο μεγάλο Ευρωπαϊκό ναυλωτή με μέγιστη διάρκεια έως τον...

https://www.newmoney.gr/roh/palmos-oikonomias/nautilia/united-maritime-agorase-dio-iaponika-plia-capesize-ke-oloklirose-tin-polisi-enos-lr2-tanker/

China Slowdown Raises Concerns for Dry Bulk Sector

Credits: Marek Piwnicki/Unsplash
  • Emission rules to spawn multi-tier freight market
  • Earnings may stay at par among various ship sizes
  • Grim economic outlook may weaken freight levels

Stormy seas lie ahead for the dry bulk market as the shipping industry comes to terms with the new environmental regulations being introduced by the International Maritime Organization in 2023, a survey by S&P Global Commodity Insights has found.

The new regulatory requirements such as the Energy Efficiency Existing...

https://mfame.guru/china-slowdown-raises-concerns-for-dry-bulk-sector/

Weekly Bulk Report – Week 47, 2022

The Baltic Exchange has released a report about the dry bulk market for the 47th week of shipping activities this year. The report dated 25th November highlights the dry bulk market conditions at the on-sight of the 47th week.

Capesize

The market ended the week on a high as the Atlantic region stepped up its activity and ignited other regions to also build in value. The Capesize 5TC now stands at $13,373. That is hardly an impressive level for this time of year – or in regards to the past 18...

https://mfame.guru/weekly-bulk-report-week-47-2022/

Baltic Dry Index Ends 9-day Winless Streak

Baltic Dry Index Snaps Nine-day Losing Streak, states a Marine Link news source.

Rates for capesize, panamax and supramax

The overall index, which factors in rates for capesize, panamax and supramax shipping vessels carrying dry bulk commodities, added 35 points, or about 3%, to 1,184.

The capesize index added 127 points, or 11.6%, to hit its highest in a week at 1,219.

Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes of coal and steel-making ingredient iron...

https://mfame.guru/baltic-dry-index-ends-9-day-winless-streak/

EPS takes delivery of dual-fuel Capesize bulker from New Times Shipbuilding

Singapore-based shipowner Eastern Pacific Shipping (EPS) has taken delivery of a 210,000 DWT dual-fuel bulk carrier from Chinese shipbuilder New Times Shipbuilding.

The post EPS takes delivery of dual-fuel Capesize bulker from New Times Shipbuilding appeared first on Offshore Energy.

https://www.offshore-energy.biz/eps-takes-delivery-of-dual-fuel-capesize-bulker-from-new-times-shipbuilding/