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Dry Bulk Market

Baltic index near three-year high as capesize rates surge

The Baltic Exchange’s main sea freight index , tracking rates for ships carrying dry bulk commodities, hovered near a three-year high, supported by robust rates for capesize vessels. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, rose 34 points, or 2.4 percent, to 1,449 points – its highest level since November 5, 2014. The capesize index climbed 138 points, or 5.07 percent, to 2,861 points, its biggest gain since Nov. 25, 2014. Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such ...

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Baltic Dry Index climbs to 1449, up 34 points

Today, Wednesday, September 20 2017, the Baltic Dry Index climbed by 34 points, reaching 1449 points.

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Dry Bulk FFA: Capesize Market Reaches New Highs

Capesize FFA Commentary: Capes reached new highs yesterday with October trading up to $21000 before finding a little selling resistance. Q4 similary touched a new high of $19k. Q4 v cal 18 was value $4500+ and cal 18 v 19 traded at $150. Panamax FFA Commentary: It was another slow cautious range bound days trading on Panamax paper with rates slipping off a touch in early trading before finding some support post index. All eyes remain fixed on the underlying now some fresh enquiry needed if we are not to ...

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Baltic index gains on stronger rates for all vessels

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, continued its winning streak for the fourth day on Tuesday, supported by firmer rates across vessel types and sizes. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was up 17 points, or 1.22 percent, at 1,415 points, a peak since Nov. 10, 2014. The capesize index climbed 42 points, or 1.57 percent, at 2,723 points. Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ...

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Baltic Dry Index climbs to 1415, up 17 points

Today, Tuesday, September 19 2017, the Baltic Dry Index climbed by 17 points, reaching 1415 points.

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Dry Bulk FFA: Capesize Index’s Positive Start to the Week

Capesize FFA Commentary: Rates pushed in the early session as the week opened on a positive note. News filtered into the market of stronger fixtures ex Brazil and consequently the Sept traded up to 20250, October to 20300 and the Q4 up to 18750. The index printed down $36/day for the 5tc which suprised most brokers/traders and after a standoff, some sellers came back to the market and we edged lower on the Sept and Oct. Overall, the physical market still remains firm and we could be in for a ...

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Baltic index up on firmer rates for panamaxes, smaller vessels

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, inched higher on Monday, hitting a fresh nearly three-year high as rates for panamaxes and smaller vessels increased. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, rose 13 points, or 0.94 percent, to 1,398 points, the highest since Nov. 10, 2014. However, the capesize index slipped 4 points, or 0.15 percent, to 2,681 points. Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore ...

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Coal’s rally isn’t all about China, it’s also quality, supply: Russell

It is increasingly popular to write obituaries for coal, with analysts, market watchers, investors and utility bosses leaping on the bandwagon, declaiming that the days of the polluting fuel are numbered. Certainly the long-term outlook for coal is becoming less certain as more countries commit to ending, or severely curtailing, use of the fuel. But while the doomsayers may eventually be proven correct, coal is enjoying a stellar year, particularly in Asia, the main demand centre. The price of benchmark prices for thermal coal at Australia’s Newcastle Port slipped toward ...

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Baltic Dry Index climbs to 1398, up 13 points

Today, Monday, September 18 2017, the Baltic Dry Index climbed by 13 points, reaching 1398 points.

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Dry Bulk FFA: Supramax Index Testing technical resistance within a bullish trend

Supramax Index Weekly Support 9,777, 9,081 8,486 Resistance – 10,198, 10,340, 11,016 The convergence between the price and the mean after sideways action has resulted in upside continuation with no test on the technical support levels. The index is now testing the Dec 2016 resistance at USD 10,198. A close above this level would suggest upside continuation and resistance should then act as support. Price rejection from the resistance would suggest another corrective wave has begun. However the bullish trend would suggest this is a corrective wave and market sellers ...

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Baltic index hits near 3-yr highs on stronger rates across segments

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, rose for a second straight session on Friday to hit a near three-year high on stronger rates across vessel segments. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was up 24 points, or 1.76 percent, at 1,385 points, its highest since November 2014. The capesize index gained 43 points, or 1.63 percent, to 2,685 points. Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ...

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Baltic Dry Index climbs to 1385, up 24 points

Today, Friday, September 15 2017, the Baltic Dry Index climbed by 24 points, reaching 1385 points.

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Dry Bulk Shipping Companies Back In Black

A long slump for dry-bulk shipping companies, which transport the raw materials of global trade, may be coming to an end. After two years of below break-even freight rates that pushed the world’s biggest ship operators deep into losses and smaller ones out of business, strong growth in the global economy has shipowners rejoicing. The Baltic Dry Index, one of the world’s leading trade indicators which measures the cost of moving commodities such as coal and iron ore, is hovering at 1355 points, the highest in 34 months after falling ...

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Dry Bulk FFA: Capesize Market on Bullish Mode

Capesize FFA Commentary: A bullish day for the capes today as the physical seems to have turned a corner. With the C5 now fixing above $8.05/mt and the C3 north of $17.00/mt, the paper mounted bit of a recovery. Most of the gains were for the promt contracts as the Sept traded up to 19600, Oct to 19700 and the Q4 up to 18500. Some profit taking offers came in at the highs of the day as we drifted into a quiet close and all eyes are now on the ...

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Dry Bulk FFA: Panamax Index- The current trend remains bullish

The current trend remains bullish, however recent upward moves have stalled between 9-14 days. 10 upward days would suggest another corrective move is due soon. • OCT – Currently making new highs within the bull trend. However, a divergence with the short period RSI would suggest slowing momentum and another corrective move could be upon us soon. • Q4 – The trend remains technically bullish above USD 11,870. Below this level the trend becomes neutral. Caution due to another divergence with the RSI. • Cal 18 – A technical breakout ...

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