The Baltic Exchange’s dry bulk sea freight hit a more than three-month high on Monday on robust demand across all vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, gained 45 points, or 1.9%, to 2,419 points. The capesize index was up by...
Dry Bulk Market
Fleet Upgrades Enabled Seanergy Maritime To Navigate Capesize Market Volatility During 2023
Seanergy Maritime Holdings Corp., announced today its financial results for the fourth quarter and twelve months ended December 31, 2023. The Company also declared a regular quarterly cash dividend of $0.025 per common share and a special cash dividend of $0.075 per common share for the fourth...
Baltic index posts sixth straight weekly gain
The Baltic Exchange’s main sea freight index rose on Friday and posted a sixth consecutive weekly gain, steered by strong demand for panamax and supramax vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, gained 24 points, or 1%, to 2,374...
https://www.hellenicshippingnews.com/baltic-index-posts-sixth-straight-weekly-gain/
Russian coal exports to Asia-Pacific up 23% in 2023 -TASS
The volume of Russian coal exports to Asia-Pacific countries rose 23% in 2023, Russian Deputy Energy Minister Pavel Sorokin said on Thursday, as quoted by state news agency TASS. Source: Reuters
https://www.hellenicshippingnews.com/russian-coal-exports-to-asia-pacific-up-23-in-2023-tass/
Baltic index gains on higher capesize, panamax rates
The Baltic Exchange’s main sea freight index rose on Wednesday, helped by rising rates for the larger vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, gained 55 points or 2.4% to 2,370 points, The capesize index .BACI was up by 97...
https://www.hellenicshippingnews.com/baltic-index-gains-on-higher-capesize-panamax-rates/
Russian coal exports to Asia struggle amid lower prices
Russia’s exports of seaborne coal to Asia have been weakening in recent months, with lower shipments of both thermal grades and metallurgical coal used to make steel. Exports of all grades of coal were assessed by commodity analysts Kpler at 8.48 million metric tons in February, slightly higher...
https://www.hellenicshippingnews.com/russian-coal-exports-to-asia-struggle-amid-lower-prices/
South Atlantic daily volume loaded surpassed the demand benchmark in March as the freight market is firming
During the second week of March, there’s a notable surge in freight rates, particularly in the larger vessel categories, accentuated by a diminishing number of ballasters. The demand indicator reflected in the volume of South Atlantic daily loaded shipments appeared robust and exceeded the...
Baltic Index Slips On Falling Capesize, Supramax Rates
The Baltic Exchange’s dry bulk sea freight index slipped on Tuesday, snapping a three-session winning streak on falling rates for the capesize and supramax vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, shed 62 points or 2.6% to 2,315...
https://www.hellenicshippingnews.com/baltic-index-slips-on-falling-capesize-supramax-rates/
USDA confirms more cancellations of US soft red wheat sales to China
Private exporters cancelled sales of 264,000 metric tons of U.S. soft red winter wheat that had been booked for delivery to China, the U.S. Department of Agriculture (USDA) confirmed on Monday. It was the third cancellation in as many business days and the largest of the three, following two...
Baltic index rises on firm rates for larger vessels
The Baltic Exchange’s dry bulk sea freight index, tracking rates for ships carrying dry bulk commodities, firmed on Monday, helped by rising capesize and panamax vessel rates. The overall index .BADI, which factors in rates for capesize, panamax and supramax shipping vessels, was up 35 points or...
https://www.hellenicshippingnews.com/baltic-index-rises-on-firm-rates-for-larger-vessels/