PANAMAX

Diana Shipping Inc. Announces Time Charter Contract With ASL

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Diana Shipping Inc. (NYSE: DSX), (the “Company”) announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with ASL Bulk Shipping Limited for one of its Kamsarmax dry bulk vessels, the m/v Medusa, says an article published on their website.

Commission paid to third parties

The gross charter rate is US$14,250 per day, minus a 5% commission paid to third parties, for a period until minimum February 10, 2025 up to maximum...

https://mfame.guru/diana-shipping-inc-announces-time-charter-contract-with-asl/

Weekly Bulk Report – Week 11, 2023

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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/

Weekly Bulk Report – Week 7, 2023

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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/

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/

Valeura Energy Inc. Announces Wassana Oil Storage Vessel

Valeura Energy Inc. (TSX:VLE) (“Valeura” or the “Company”), the upstream oil and gas company with assets offshore Gulf of Thailand and the Thrace Basin of Turkey is pleased to announce that it has entered into a definitive agreement with PT Samudra Alam Transport, a subsidiary of PT Buana Lintas Lautan Tbk, to charter a crude oil tanker to store oil produced from the Wassana oil field, offshore Gulf of Thailand, as previously announced on November 11, 2022. The vessel is expected to be renamed...

https://mfame.guru/valeura-energy-inc-announces-wassana-oil-storage-vessel/

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/

Baltic Continues to Lose in Sixth Session

The dry bulk sea freight index on the Baltic Exchange fell for the sixth session in a row on Thursday due to reduced rates for all vessels, with the Capesize segment leading the decline.

Dropped to Lowest

The entire index, which takes into account the costs of Capesize, Panamax, and supramax maritime vessels transporting dry bulk goods, dropped 60 points, or 4.7%, to 1,228—its lowest level since September 9.

The Capesize index (.BACI) dropped by 145 points, or around 10.9%, to 1,188, its lowest...

https://mfame.guru/baltic-continues-to-lose-in-sixth-session/

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