Home / Shipping News / Dry Bulk Market

Dry Bulk Market

Baltic index extends gaining streak on firm capesize rates

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, rose for a sixth consecutive session, helped by stronger rates for capesize and smaller vessels. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, rose 21 points, or 1.45 percent, to 1,470 points. The capesize index was up 87 points, or 3.04 percent, at 2,948 points. Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, increased $631 to $21,325 – their highest ...

Read More »

China major power generators’ coal stocks sink below 10-Mt mark

Combined coal stocks of China’s six major coastal power enterprises dropped below 10 million tonnes on September 19, the first time in more than five months. The stocks level, held by power plants of the six generators – Zhejiang Power, Shanghai Power, Guangdong Yudean, Guodian, Datang and Huaneng – is a key indicator of market dynamics in eastern and southern China. On September 20, stocks of the six generators totaled 9.73 million tonnes, down 14.6% from the start of the month, the lowest since mid-April, which could only cover 13.7 ...

Read More »

Baltic Dry Index climbs to 1470, up 21 points

Today, Thursday, September 21 2017, the Baltic Dry Index climbed by 21 points, reaching 1470 points.

Read More »

Dry Bulk FFA: Capesize Market Continues Boom but mostly For the Nearby Periods

Capesize FFA Commentary: Another very strong day for the capes although, for the most part, the move up on paper was focused on the nearby periods. The buying did slow down towards close but not before Oct reached 21900 & Q4 19500. Talk of C3 fixing 18.85 and Saldanha reaching low 14s for 11-15 Oct dates should keep buyers keen as the week progresses. Panamax FFA Commentary: With the physical market starting to develop into a bit of a stand off and as a result further uncertainty creeping into the ...

Read More »

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 ...

Read More »

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.

Read More »

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 ...

Read More »

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 ...

Read More »

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.

Read More »

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 ...

Read More »

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 ...

Read More »

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 ...

Read More »

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.

Read More »

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 ...

Read More »

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 ...

Read More »

Recent Videos

Hellenic Shipping News Worldwide Online Daily Newspaper on Hellenic and International Shipping