Baltic Index Hits One Year High in Golden Week, Rising with Capesize Demand – 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”

Baltic Index Hits Four Month High, Rising with Iron Ore Futures – 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”

Baltic Index Rises Another 16.4%, After 11% Jump Week Prior – 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”

Capesize Shipping Index Rose 25%, Baltic Index Up 11% This Week – 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”

Baltic Shipping Index Suffers First Monthly Fall for Three Months in August – 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”

Baltic Shipping Index Worse Week in Eleven, Falls 12.7% – TC Shipping Monitor

The Baltic Dry Index (BDI) fell 12.7% for the week, its worst week since June 2, lower by 30 points, or 2.7%, to 1,080 on Friday. Lower rates for capesize and panamax vessels, with panamax vessel segment down 6% for the week, its worst since the week ending July 21. The capesize index dropped to 1,174, own 26.5% for the week. Meanwhile Singapore iron ore futures resumed its rally on Friday, for its biggest weekly gain in 11 weeks, as … Continue reading “Baltic Shipping Index Worse Week in Eleven, Falls 12.7% – TC Shipping Monitor”

Panamax Shipping Index Rose for Fourth Consecutive Week – TC Shipping Monitor

The Baltic Dry Index (BDI) rose 9.6% for the week, its best week in three. despite inching lower on Friday. Again, strong demand in the panamax vessel segment continued rising 15.3% for the week, which rose 18% last week. It was its fourth consecutive weekly gain The move came from coal and grain cargoes. Meanwhile Singapore iron ore futures helped by rising steel mill production in China, but lingering property sector and steel demand concerns weigh. The capesize index was … Continue reading “Panamax Shipping Index Rose for Fourth Consecutive Week – TC Shipping Monitor”

Shipping Vessel Demand Switch, Panamax rose 18% while Capesize Fell 12.4% – TC Shipping Monitor

The Baltic Dry Index (BDI) fell 0.6% for the week with strong demand in the panamax vessel segment continuing, which rose 18% for the period, the highest level since May 15. The move came from coal and grain cargoes. Meanwhile Singapore iron ore futures helped by rising steel mill production in China rose, but lingering property sector and steel demand concerns weigh. The uncertainty there helped the capesize index fall 12.4% for the week. Global shipping has been swirling around … Continue reading “Shipping Vessel Demand Switch, Panamax rose 18% while Capesize Fell 12.4% – TC Shipping Monitor”

Panamax Vessel Demand Lifts Baltic Index for Second Week – TC Shipping Monitor

The Baltic Dry Index (BDI) rose 2.3% for the week led by strong demand in the panamax vessel segment, which rose 16.2% this week, its best week since March 3. The move again came from higher iron ore exports. Singapore iron ore futures on Friday as traders hopes for a more substantial aid for China’s property sector continue to bubble along. The thawing of the trade war between China and Australia also spurred iron ore prices. The capesize index fell … Continue reading “Panamax Vessel Demand Lifts Baltic Index for Second Week – TC Shipping Monitor”

Capesize Index Rises 27% to 5 Month High Lifting BDI – TC Shipping Monitor

The Baltic Dry Index (BDI) rose 13.5% for the week on a rebound in the capesize segment which rose 27% this week. The move came from higher South American iron ore exports from Brazil mining giant Vale. However, Iron ore futures declined on Friday on concerns about looming steel output caps and the lack of stimulus updates from China. There are the ever-hopeful wishes for stimulus measures in China, but reality keeps showing up. The panamax index gained about 5.5% … Continue reading “Capesize Index Rises 27% to 5 Month High Lifting BDI – TC Shipping Monitor”