Tag: Freight

The Baltic Capesize Index on Friday soared the most in over two years with the impact of cargoes such as iron ore and coal pushing bids higher. On Thursday it rose 11% to 2,679 points and squeezing for the second day another 26.4% to 3,385 points. The weighted average spot rate across five key capesize routes soared by $5,855 on Friday and was assessed by panelists at $28,071 per day. This was the fifth largest daily jump in the capesize … Continue reading “Baltic Capesize Soared 26.4%, Its Biggest Daily Increase in Over Two Years – TC Shipping Monitor”

The Baltic Exchange’s dry bulk sea freight index continued it bounce that started last week after spitting 1,400 after falling almost 2100 points. The BDI, rose 45 points, or 2.8%, to 1,643 Friday to finish up 12.4% for the week. It had fallen dramatically reversing seven consecutive weekly rises to a one year high. The capesize index led the charge higher, adding 103 points, or 4.1%, to 2,589, up 21.4% for the week. Even the laggard panamax index rose 30 points … Continue reading “Three Week Rally in Iron Ore Helped Baltic Freight Index Reverse its Slide – TC Shipping Monitor”

The Baltic Exchange’s dry bulk sea freight index bounced off 1,400 after falling almost 2100 points since. The BDI snapped an 11-session losing streak Friday by 77 points, or 5.6%, to 1,462, however it still fell 6.5% this week, a second straight weekly fall after losing 23.6% last week. It has fallen dramatically reversing seven consecutive weekly rises to a one year high. The capesize index also participated in turnaround Friday gaining 250 points, or 13.3%, to 2,133, still down 4.2% … Continue reading “Baltic and Capsize Freight Indices Turnaround Friday but Still Down for Week – TC Shipping Monitor”

The Baltic Dry Index fell heavily this week, losing 23.6%, its second-biggest weekly fall this year after seven consecutive weekly rises and to a one year high. The BDI fell by 99 points, or 6%, to 1,563 Friday. The capesize index had been the driver in the advance and was on the downside this week. The capesize index fell 239 points, or 9.7%, to 2,226, its lowest in over a month Friday. It fell 37% this week, its biggest drop … Continue reading “The Capesize Index Shed 37% this Week Sending the Baltic Index Down Over 23% – TC Shipping Monitor”

The Baltic Dry Index (BDI) rose another 5.3% this week, its seventh consecutive weekly rise and to a one year high. The capesize index continues to be the driver, rising 6.9% this week, supported by a tight North Atlantic market with increased coal shipments to Europe. Rates have pushed ahead despite weaker iron ore exports from Brazil and Western Australia. Iron ore futures have pulled back on lower-than-expected Chinese steel output, and a protracted property crisis. The Panamax index added … Continue reading “Baltic Index Rise Continues for Seventh Week, Capesize Demand for Coal – TC Shipping Monitor”

The Baltic Dry Index (BDI) rose another 13.4% for the week, its fifth consecutive weekly rise and to a one year high. The capesize index continues to be the driver, rising 34% this week, its best weekly performance in over three-and-a-half months. The Panamax broke its 5-week winning streak, down 8% with “lingering high congestion in Brazil and a spread-out fleet, especially noticeable to the west of Suez.” The moves have come in Golden Week with China closed for the … Continue reading “Baltic Index Hits One Year High in Golden Week, Rising with Capesize Demand – TC Shipping Monitor”

The Baltic Dry Index (BDI) rose another 15.4% this week to 1,593, the highest level since May 11, continuing on from gains of 16.4% and 11.4% in the past two week. The capesize index added 30% to its highest in over four months. The move follows gains of 24.3% and 25% to start the month. The capesize index had dropped 41.6% in August. The Panamax was up by 1.8% for the week, a fourth straight weekly gain as its market … Continue reading “Baltic Index Hits Four Month High, Rising with Iron Ore Futures – TC Shipping Monitor”

The Baltic Dry Index (BDI) rose another 16.4% gain for the week, after posting a 11.4% gain the week prior. The index is recovered the 3.6% it lost in the month of August, which was its first monthly decline in three. The Panamax market remains buoyant, with high vessel counts in East Coast South America. Singapore benchmark iron ore futures had their highest weekly increase since June. The capesize index added 24.3% this week, following itst 25% last week. The … Continue reading “Baltic Index Rises Another 16.4%, After 11% Jump Week Prior – TC Shipping Monitor”

The Baltic Dry Index (BDI) rose 11.4% this week after it fell 3.6% for the month of August, which was its first monthly decline in three. The index had been pressured by lower rates for larger capesize vessels which recovered about 25% this week, its best in six. The capesize index had dropped 41.6% in August. T the panamax index gained 16 points to 1,489 Friday, it rose 50.9% flast month, recording its best monthly percentage rise since September last … Continue reading “Capesize Shipping Index Rose 25%, Baltic Index Up 11% This Week – TC Shipping Monitor”

The Baltic Dry Index (BDI) fell 3.6% for the month of August, its first monthly decline in three. The index has been pressured by lower rates for larger capesize vessels. The capesize index dropped 41.6% for the month. On the other hand, the panamax index gained 50.9% for the month, recording its best monthly percentage rise since September. Among smaller vessels, the supramax index gained 33.8% for the month. Meanwhile Singapore iron ore futures continuing on its rally that resumed … Continue reading “Baltic Shipping Index Suffers First Monthly Fall for Three Months in August – TC Shipping Monitor”