http://www.cemnet.com/news/default.aspx The latest freight market news incluing Handy/Supramax and Panamax en-us PHP/4.3.6 http://www.cemnet.com/members/news/story.aspx?id=13131 With the Baltic Dry Index (BDI) falling throughout the month and accelerating rapidly as we enter October, all indications point to a Tue, 30 Sep 2008 00:00:00 +0100 http://www.cemnet.com/members/news/story.aspx?id=12898 While shipowners may be congratulating themselves on a successful first half year in 2008, profits buoyed by further significant gains in iron ore and coal trades in the dry bulk sectors and some lucr Mon, 25 Aug 2008 00:00:00 +0100 http://www.cemnet.com/members/news/story.aspx?id=12818 The Punjab Environmental Protection Agency has directed a cement factory in Chakwal district to take remedial measures or stop pollution causing activities in the close vicinity of lush green Kalar Ka Fri, 15 Aug 2008 00:00:00 +0100 http://www.cemnet.com/members/news/story.aspx?id=12735 A relatively quiet month for the dry bulk markets with brokers reporting fewer ships waiting to load at some of the earlier congested major bulk ports and even the imminent arrival of the much-hyped Fri, 25 Jul 2008 00:00:00 +0100 http://www.cemnet.com/members/news/story.aspx?id=12514 With dry bulk shipowners continuing to make substantial profits, it is not surprising that a number of industrial groups mulling a move into shipowning continues to grow. India’s Tata Power is reporte Thu, 26 Jun 2008 00:00:00 +0100 http://www.cemnet.com/members/news/story.aspx?id=12497 A steep tumble in Panamax rates pushed the dry index sharply down last week after the mid-sizes failed to hold onto the spectacular gains of the previous tendays. But while the BPI Sun, 25 May 2008 00:00:00 +0100 http://www.cemnet.com/members/news/story.aspx?id=12046 Hard to comprehend, the continuing desire to convert aging single-skin VLCCs to dry bulk carriers still Tue, 22 Apr 2008 00:00:00 +0100 http://www.cemnet.com/members/news/story.aspx?id=12014 High demand of Pakistan’s cement in the Middle East and African countries has enhanced significantly country’s exports by 80 percent in the three quarters of the current fiscal year to stand at 2.632M Tue, 15 Apr 2008 00:00:00 +0100 http://www.cemnet.com/members/news/story.aspx?id=11907 Coal markets have tended to dominate the news of late with reports of further congestion at Australia’s main export loaders likely to limit volumes for the foreseeable future with one report sug Thu, 20 Mar 2008 00:00:00 +0000 http://www.cemnet.com/members/news/story.aspx?id=11655 The Baltic Dry Index jumped 1000 points last week as confidence returned to the dry bulk market and expectations grew for more iron ore cargos, especially out of Brazil which had seen some supply disr Mon, 18 Feb 2008 00:00:00 +0000 http://www.cemnet.com/members/news/story.aspx?id=11477 Another frenetic week in the dry bulk market with more huge fluctuations in rates and plenty of drama behind the scenes. The Baltic Dry Index (BDI) finished ast Friday at 6462, down nearly 1500 on th Wed, 23 Jan 2008 00:00:00 +0000 http://www.cemnet.com/members/news/story.aspx?id=11283 The Baltic Panamax Index went down by 412 points mid-December, finishing at 9394. The four TC’s average lost US$3,400, falling from US$79,100 per day to US$75,700. Last week’s drop in the Mon, 17 Dec 2007 00:00:00 +0000 http://www.cemnet.com/members/news/story.aspx?id=10975 In a move that seemed unthinkable just a few months ago, BHP Billiton confirmed last week that it had made a formal offer for rival Rio Tinto. Mon, 12 Nov 2007 00:00:00 +0000 http://www.cemnet.com/members/news/story.aspx?id=10974 There was only one game in town last week: the incredible leap in the Baltic Dry Index. For the first time in its twenty-two year history the BDI breached the 10,000 mark, propelled by runaway rates i Mon, 15 Oct 2007 00:00:00 +0100 http://www.cemnet.com/members/news/story.aspx?id=10590 If any more evidence were needed that drybulk rates have gone through the roof, this week saw the Baltic Capesize Index record its biggest ever one-day gain, equivalent to a rise of 6%. The jaw-droppi Thu, 27 Sep 2007 00:00:00 +0100 http://www.cemnet.com/members/news/story.aspx?id=10207 While many shipowners are quietly publishing their financial results for the first half of the year reflecting the amazing levels achieved on the charter market, mining companies have been starting to Mon, 13 Aug 2007 00:00:00 +0100 http://www.cemnet.com/members/news/story.aspx?id=10206 The market is fixated on mergers and acquisitions in the mining sector this month with this spectacular $38.1bn bid by Rio on Alcan, surpassing the previous $28.8bn made by Alcoa. Mon, 23 Jul 2007 00:00:00 +0100 http://www.cemnet.com/members/news/story.aspx?id=9856 To much surprise, the indexes published by the Baltic for the Cape market have gained more than 1,630 points, i.e. +25% over the last five trading days, and 50% of this rise was done during the last t Wed, 27 Jun 2007 00:00:00 +0100 http://www.cemnet.com/members/news/story.aspx?id=9554 Another week of strong increases and with a rise of 341 points last week, the BPI reached a new record high of 6,283 points (the last record established was on the 1st of December 2004 with 6,110 pts) Fri, 18 May 2007 00:00:00 +0100 http://www.cemnet.com/members/news/story.aspx?id=9392 It’s heating up! The growing interest for all parties to partake in the ever booming bulk market is reflected in all sorts of manners. With strong demand and persisting congestion in Australian coal p Mon, 30 Apr 2007 00:00:00 +0100 http://www.cemnet.com/members/news/story.aspx?id=9009 This is only the third time in history that the 7000 point barrier has been broken for the BCI. Wed, 7 Mar 2007 00:00:00 +0000 http://www.cemnet.com/members/news/story.aspx?id=9008 Since the start of the year, and given that the market has not felt any ignificant downward pressure, both owners and charterers have been hungry for tonnage Mon, 12 Feb 2007 00:00:00 +0000 http://www.cemnet.com/members/news/story.aspx?id=8752 In the light of what happened last year and of the predictions coming from both the supply and the demand side, charterers seem to be in the market to secure tonnage for mid and long term commitments. Wed, 17 Jan 2007 00:00:00 +0000 http://www.cemnet.com/members/news/story.aspx?id=8575 In the same tango ballet that we have been looking at for a couple of months, freight rates have again danced on the same Mon, 18 Dec 2006 00:00:00 +0000 http://www.cemnet.com/members/news/story.aspx?id=8574 The market has been desperately waiting for a clear signal since mid-summer this year, and finally this week the Cape market took the driving seat in an upward trend, not only with the BCI breaking Mon, 4 Dec 2006 00:00:00 +0000 http://www.cemnet.com/members/news/story.aspx?id=8119 Iron ore developments have tended to dominate market discussions over the past fortnight especially with the merger process between Tata steel and Corus going one step forward this week, after Corus’ Mon, 30 Oct 2006 00:00:00 +0000 http://www.cemnet.com/members/news/story.aspx?id=7976 Some volatility in the markets this week with the different segments showing some differing trends. It seems that forward positions taken on derivatives are partly involved in this upward movement in Tue, 10 Oct 2006 00:00:00 +0100 http://www.cemnet.com/members/news/story.aspx?id=7677 The lower financial results of some owners have progressively disclosed in their half-year reports and the correction recorded recently on the freight market have failed to dampen most dry bulk market Wed, 30 Aug 2006 00:00:00 +0100 http://www.cemnet.com/members/news/story.aspx?id=7502 With steel markets still showing no signs of easing ­ and steel production in China alone likely to reach 424Mt by the end of this year. Some analysts already forecast another rise in prices for the Tue, 8 Aug 2006 00:00:00 +0100 http://www.cemnet.com/members/news/story.aspx?id=7367 Now, apparently is the time to negotiate period business and the larger contracts of affreightments (coa). This trend has been widely driven by the recent upturn of most commodity prices even if over Thu, 20 Jul 2006 00:00:00 +0100 http://www.cemnet.com/members/news/story.aspx?id=7249 The now approved Arcelor-Mittal merger has provoked a wave of reactions amongst steelmakers; the Chinese ones of course but also the Japanese who are now pushed towards consolidation to be able to pla Mon, 3 Jul 2006 00:00:00 +0100 http://www.cemnet.com/members/news/story.aspx?id=7248 As freight rates are still improving, rumours and discussion are multiplying about long term time charter deals, but further to this seasonal movement another question has arisen: is it the right tim Mon, 19 Jun 2006 00:00:00 +0100 http://www.cemnet.com/members/news/story.aspx?id=6838 While a clear direction seems still to be hard to find on the freight market, things have at least stabilised last week with very quiet activity. On the news front nothing has arisen concerning the ir Mon, 15 May 2006 00:00:00 +0100 http://www.cemnet.com/members/news/story.aspx?id=6649 “Different companies, different minds, different moods” seems to be the weeks’ characteristic. Within all sectors of the bulk market, companies seem to be looking in different directions, triggering d Wed, 26 Apr 2006 00:00:00 +0100 http://www.cemnet.com/members/news/story.aspx?id=6600 World crude steel production topped 1.1bn tonnes for the full year 2005 and according to the first 2006 results this figure, despite a limited slow down, could reach 1.2bn tonnes by the end of the yea Mon, 10 Apr 2006 00:00:00 +0100 http://www.cemnet.com/members/news/story.aspx?id=6416 Tension mounted last week between iron ore suppliers, particularly Australia, and their main client, China, which does not help to clear the view about which direction the market could take for the re Thu, 30 Mar 2006 00:00:00 +0100 http://www.cemnet.com/members/news/story.aspx?id=6094 Steel, then iron ore and now coal… this week has been widely animated by the coal sector with the disclosure of the long term Chinese government program to shut-down 70 per cent of small-sized mines b Thu, 23 Feb 2006 00:00:00 +0000 http://www.cemnet.com/members/news/story.aspx?id=6045 In a week where the dry bulk market has proven that freight rates can react quite quickly to a come back of charterers, all the minds seem to be occupied by one word: “consolidation”. From the steel i Thu, 16 Feb 2006 00:00:00 +0000 http://www.cemnet.com/members/news/story.aspx?id=5952 Is it the start of a new merger wave? Many things tend to prove that our dry bulk markets have already entered into an M&A cycle. This state of facts is even reinforced by the downward trend recorded Fri, 3 Feb 2006 00:00:00 +0000