Cement News tagged under: freight
Handy and capesize markets soften while panamax continues climb20 July 2012, Published under Cement NewsThe 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 market experienced a softening the following week, particularly in the Atlantic Basin where day rates fell from US$16,600 to US$15,447 for the RV Atlantic contract on 18 July. The Pacific counterpart noted a four per cent drop from US$9400 to US$9000. Few new cargoes were observed as ... |
Out of the doldrums11 April 2012, Published under Cement NewsDespite reports of record cargoes, freight rates continue to decline. The start of February saw the Baltic Dry Index plummet to a 25-year low of 647. The zeal of ship owners to keep shipyards busy in recent years is now catching up as capacity outpaces demand. Freight rates continue to decline as overcapacity outpaces demand Freight rates continue to bump along the bottom since the low of 647 on 3 February. The latest indications, on 22 February, put the Baltic Dry Index (BDI) a... |