Cement News tagged: Freight Markets
Looking beyond the near-term weakness in dry freight
The Baltic Dry Index just experienced a severe downward spiral, undergoing the longest consecutive
Some gains noted but outlook still mixed in May
A slight drop in the BDI mid-May, led by the Capesize market which was unable to maintain the pace of
Dry freight could recover next year: report
A recent report by Bank of America Merrill Lynch shows that dry freight could recover next year.
Some renewed optimism for dry bulk sectors
Despite a lack of movement in the Baltic Dry bulk index, it would appear that an element of confidence
No sign of any real improvements in freight markets
A significant development in December has been news that Brazilian ore producer Vale is offering
Markets show renewed optimism as commodity trades flourish
The dry bulk market continued its strong advance mid-November with all sectors involved, but mostly
Bears seen prowling the waterfront
A dull end to September trading saw sharp falls in both the Cape and Panamax markets, down 11% and
Dry bulk rates lose some upward momentum
Despite a weekly loss on all the dry bulk indices, brokers say there is no evidence yet of a full-scale correction, and with
Steeling oneself for market realities
Continued volatility in the ocean freight sectors marks the day to day progression of the Baltic Dry Index
Some green shoots among the gloom
While the Baltic Index for larger units has declined slightly in the opening days of March and market interest in both the Atlantic and Pacific basins has been somewhat muted for such ships
No cure in sight for current market malaise
While the Cape shipping sector has been showing a modest rebound over the past two weeks, lower down the scale the reality is one of continuing bargain basement prices, despite some evidence of incr
That was the year that was!
As the year comes to a close, it is worth reflecting on a few statistics from the past twelve months since the market highs achieved in May and June, time charter averages for the four main bulk secto
Markets continue on downward spiral
While the Cape-size sector offered a degree of comfort to owners in early December, especially with the Baltic Capesize index posting some useful gains, this shift has not as yet translated into any p
Baltic Dry Index keeps on dropping throughout October
Late October saw the all important Baltic Dry Index trading below 1000 points. The continuous slump has seen the index dropping to 982 points, from an all-time high of 11,793 points last May.
Markets in freefall
With the Baltic Dry Index (BDI) falling throughout the month and accelerating rapidly as we enter October, all indications point to a
A good first half, but what lies ahead?
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