Freight Markets
Freight prices to receive triple boost
As an oversupply in shipping capacity continues to plague the dry bulk freight market market with the Baltic Dry Index bumping along the bottom, there may be some signs of improvement. Higher forecast demand for commodities combine with reduced deliveries of new vessels and higher scra...
Low Paraguay river makes INC clinker transport difficult
The low levels of the Paraguay river are making transport of clinker more difficult. The current water level is adding 20% to the clinker transport bill of Industria Nacional del Cimento (INC), according to its presi...
Sharjah Cement Factory signs MoU with Etihad Rail
UAE’s Sharjah Cement Factory has signed a memorandum of understanding with Etihad Rail which will enable the cement producer to transport more than 5Mta of cement and raw materials, more than half the company’s curre...
India’s cement transport by rail falls 11.8 per cent
A rise in freight charges has seen a drop in cement volumes carried by Indian Railways. In August, cement volumes carried by rail fell 11.8 per cent YoY to 7.52Mt as rail fares saw an increase of as much as 24 per ce...
Atlantic basin rates fall but Capesize provides positive note
After hitting a new record low for the year at 661 on 12 September, the Baltic Dry Index edge up again to 772 one week later. Dahlman Rose attributes the increase to “modestly higher” Capesize rates. "Considering th...
End of holidays provides varied freight pricing
The end of the holiday season in various parts of the world provided the freight market with a varied mix of price trends. In the Handysize market prices appeared to be stabilising somewhat in both basins b...
Dry bulk rates continue summer slip
The past fortnight has seen handysize and panamax rates decline considerably and the BDI is edging down towards a new low.
Shipping rates soften across the board
With summer activity on the low side, shipping rates generally softened for Handysize, Panamax and Capes, both in the Atlantic and Pacific basins. With a more or less inactive Atlantic market, prices for charters wer...
Handy and capesize markets soften while panamax continues climb
The Baltic Dry Index reflected the trends in the handy and capesize markets as it rose from 1103 to 1146 on 11 July, but then slipped to 1074 one week later. After a stable week ended 11 July, the handysize marke...
Freight rates firm up after initial dip
Selected freight market trends 20.06-04.07.2012 The Pacific Handysize market has seen increased activity over the past fortnight with Pacific RV prices firming from US$4900/day on 13 June to US$8850/day o...
Panamax picks up
Handysize rates cooled in both the Atlantic and Pacific basins. RV Atlantic rates fell from US$15,320/day on 30 May to US$15,000 a fortnight later. The slip in the Pacific market was even more marked as RV Pacific ra...
Holidays make for cool start to the past week
Rates in the Atlantic generally fell in the larger vessel sizes but Handysize charters firmed during the past fortnight. In the Pacific, a similar trend was noted although the Handysize segment delivered a mixed perfo...
Panamax registers record high for the year, but rest remains mixed
The Baltic Dry Index remained virtually flat since 25 April, climbing from 1137 to 1156 on 9 May, but then falling back to 1137 one week later. The Capesize market noted little movement this week with pric...
Easter makes for quiet markets
With most of Europe away for the Easter holidays, the freight markets were in for a quiet week. The Baltic Dry Index gained 18 points WoW, reaching 944 on 11 April and in the run-up to 17 April, it climbed to its hig...
Smaller vessels lead recovery
Although low rates were persisting in the capesize market, higher rates for smaller vessels and an improving Atlantic basin environment pushed up the Baltic Exchange’s main sea freight index by six points or 0.67% to...
Freight market remains subdued
After hitting a 25-year low of 647 on 3 February, the Baltic Dry Index (BDI) slowly recovered somewhat but in the past week or so the index has been bumping along the bottom. On 22 February 2012, the Baltic Dry Index...