Cement News tagged under: capesize
Panamax registers record high for the year, but rest remains mixed18 May 2012, Published under Cement NewsThe 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 prices between Richards Bay and Rotterdam largely stable at US$8.30/t between 25 April and 16 May, only peaking at US$8.40/t last week. Fearnleys reported that the Atlantic bubble burst and the market fell back to US$8000/day. TCT Continental/Far East rates did note some improvement ... |
Smaller vessels lead recovery05 April 2012, Published under Cement NewsAlthough 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 908 on Friday, 23 March and further to 922 points by Wednesday, 28 March. "The BDI has been slowly climbing higher over the past two months, but even 2000 points seems like a mountainous journey given that it took 35 trading days to go from 650 points to 900," Arctic Securities ... |