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Market Reports
There is no secret that the dry bulk market took a significant dive at the beginning of the year. Although, the first quarter historically is a low season where the dry bulk market normally experience lower rates due to Chinese new years, this time around unpredictable events hit the market hard. The Feij√£o dam in...
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The spot rates for Aframaxes fell last week. The main reason for this fall in earnings is weakened activity in the Baltic Sea and the UK area with Ireland due to excessive tonnage in the area. Increased production in countries such as Libya and Algeria has led to a rise in the rates in the...
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BDI – Baltic Dry Index The Baltic Dry Index (BDI) is a shipping and trade index created by the London-based Baltic Exchange that measures change in the cost of transporting various raw materials. The exchange directly contacts shipping brokers to assess price levels for a given route, a product to transport and time to delivery,...
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BDI – Baltic Dry Index The Baltic Dry Index (BDI) is a shipping and trade index created by the London-based Baltic Exchange that measures change in the cost of transporting various raw materials. The exchange directly contacts shipping brokers to assess price levels for a given route, a product to transport and time to delivery,...
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