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, or speed. The index consists of the Capesize index (BCI), Panamax index (BPI) and Supramax index (BSI), all created by Baltic Exchange. BDI – Week 49 It seems that the dry bulk markets have stabilized after the week November market. Capesize earnings kept front-running also.
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Baltic Dry Index Week 48
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, or speed. The index consists of the Capesize index (BCI), Panamax index (BPI) and Supramax index (BSI), all created by Baltic Exchange. BDI – Week 48 The overall bulker earnings had a good week, fueled by the rebound in Capesize earnings Monday and Tuesday. The.
Baltic Dry Index Week 47
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, or speed. The index consists of the Capesize index (BCI), Panamax index (BPI) and Supramax index (BSI), all created by Baltic Exchange. BDI – Week 47 The first part of the week was challenging, especially for the Capes with slowing demand on iron ore imports.
Baltic Dry Index Week 46
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, or speed. The index consists of the Capesize index (BCI), Panamax index (BPI) and Supramax index (BSI), all created by Baltic Exchange. BDI – Week 46 The Chinese import disruptions has had a massive impact on the dry bulk market in recent weeks. This week.
Baltic Dry Index Week 45
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, or speed. The index consists of the Capesize index (BCI), Panamax index (BPI) and Supramax index (BSI), all created by Baltic Exchange. BDI – Week 45 It was another tough week for the bulkers, experiencing lower demand for iron ore and coal in China and.
Baltic Dry Index Week 44
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, or speed. The index consists of the Capesize index (BCI), Panamax index (BPI) and Supramax index (BSI), all created by Baltic Exchange. BDI – Week 44 The Drybulk market continued its correction this week, with sliding rates across all sectors. However, it is worth pointing.
Baltic Dry Index Week 43
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, or speed. The index consists of the Capesize index (BCI), Panamax index (BPI) and Supramax index (BSI), all created by Baltic Exchange. BDI – Week 43 A strong week for the Capesize earnings failed to push the index higher as the mid-size vessels dropped substantially..
Baltic Dry Index Week 42
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, or speed. The index consists of the Capesize index (BCI), Panamax index (BPI) and Supramax index (BSI), all created by Baltic Exchange. BDI – Week 42 The 2018s fourth quarter has kicked off on a positive note for the mid-size and smaller vessel sizes, but.
Shipping – Stories of Week 42
Crude Oil – Aframax charter rates on fire According to Norwegian brokerage firm Arctic Securities Aframax charter rates have exploded this week, pushing average monthly rates up 158%. Aframax is often referred to as the “work horse” among tankers, as it’s the preferred vessel size for oil companies and refineries. The higher demand from refineries has moved charter rates above $30.000 per day in several areas this week, and the demand is expected to maintain on higher levels throughout the year. This is good news for owners on the back of a long downward trend, and a quick recovery in.
Baltic Dry Index Week 41
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, or speed. The index consists of the Capesize index (BCI), Panamax index (BPI) and Supramax index (BSI), all created by Baltic Exchange. Despite the dreadful start for the Capes, the global production of iron ore pushed the rates up at the end of the week..
Baltic Dry Index week 40
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, or speed. The index consists of the Capesize index (BCI), Panamax index (BPI) and Supramax index (BSI), all created by Baltic Exchange. The Chinese “Golden Week” has historically had an impact on the dry bulk market. This year was not any different. However, the impact.
Baltic Dry Index Week 39
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, or speed. The index consists of the Capesize index (BCI), Panamax index (BPI) and Supramax index (BSI), all created by Baltic Exchange. The last week of Q3 ended on a positive note with surging rates across all major vessel classes. Capesize rates are currently below the Q3.
Baltic Dry Index week 38
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, or speed. The index consists of the Capesize index (BCI), Panamax index (BPI) and Supramax index (BSI), all created by Baltic Exchange. The negative momentum from the last couple of weeks turned towards the end of this week, especially the larger vessels experienced higher earnings..
Baltic Dry Index week 37
The Baltic Dry Index (BDI) is a shipping and trade index created by the London-based Baltic Exchange that measures the 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, or speed. The index consists of the Capesize index (BCI), Panamax index (BPI) and Supramax index (BSI), all created by Baltic Exchange. It was yet another negative week, primarily driven by the low demand for Capesize vessels. A major factor for the recent development is the strong US Dollar.
Baltic Dry Index week 36
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, or speed. The index consists of the Capesize index (BCI), Panamax index (BPI) and Supramax index (BSI), all created by Baltic Exchange. Monday 27th was a bank holiday, hence the Baltic Exchange was closed. Weekly change: Closed at 1.490 point, down 5,64% BCI – Baltic.
Aframax in the front seat
Tropical Storm “Gordon” tightens the tonnage availability Aframax owners is currently enjoying remarkably higher rates due to the bad weather in the US Gulf, up almost 15% over night. The average global freight rate has surpassed $16.000 a day, up around $3.000 from last week. The Aframax market has been on the strong side the last couple of weeks, with a strong demand trans-Atlantic and a tight tonnage list. The refineries are running at close to maximum capacity and the demand for oil and oil products are on the rise. The current weather conditions will have a positive effect on.
Baltic Dry Index week 35
BDI – Baltic Dry Index The Baltic Dry Index (BDI) is a shipping and trade index created by the London-based Baltic Exchange that measures the point 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, or speed. The index consists of the Capesize index (BCI), Panamax index (BPI) and Supramax index (BSI), all created by Baltic Exchange. Monday 27th was a bank holiday, hence the Baltic Exchange was closed. Weekly change: Closed at 1 point, down 6,95% BCI – Baltic Capesize.
New VLCC vehicle ready for Oslo Stock Exchange
ADS Crude Carriers, a company founded by Arendals Dampskibselskab (ADS) in 2015, is heading for Merkur Market. Merkur Market is a marketplace owned by Oslo Stock Exchange, offering the fastest admission process in Europe. According to Tradewinds, Oslo Stock Exchange has approved the listing and first trading day will be today, Tuesday. ADS Crude was earlier reported taking over the Ship Finance owned Front Stratus and Front Page. Further, they will take delivery of a third VLCC from the same owner, Front Serenade next month. The vessels were all built in 2002 and are chartered to Frontline at above market.
Baltic Dry Index week 34
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, or speed. The index consists of the Capesize index (BCI), Panamax index (BPI) and Supramax index (BSI), all created by Baltic Exchange. Weekly change: Closed at 1.697 point, down 1,5% BCI – Baltic Capesize Index (40% of BDI) The Capesize sector started its week with a 0,3% fall on Monday and continued its.
Scandinavian companies modernizing ship operation
Danish Maersk Tankers partners up with Norwegian Klaveness Digital Klaveness Digital has spent three and a half year on developing a cloud-based platform for processing, storing and export of operational shipping data. The service will provide its user’s information for data-driven decisions, digital solutions, and services. We believe that this strategic collaboration with Maersk Tankers will accelerate the development of smart digital solutions for the shipping industry. Transparency and cooperation is the key in the future of our industry, and this partnership shows that we work towards the same objectives, said Aleksander Stensby – CEO in Klaveness Digital. Maersk Tankers.
Market Report Week 31
Tankers The year’s 31st week was relatively positive for owners of larger tankers. The rates for both VLCC and Suezmax rose, while the Aframax rates experienced a minor fall. It is worth mentioning that Aframaxes still earns higher rates than Suezmaxes. The current rates for Aframax are significantly higher than the summer of 2017 and 2016. We are confident that another period of high earnings is ahead of us, and we are looking forward to the winter market. Aframax 12 months T/C rates: $14.500 per day Average spot market earning:: $13.200 per day Bulkers Baltic Dry Index rose 5,8% last week.
Market Report Week 29-30
Tankers The past two weeks have lifted the rates, despite the low season, to acceptable levels for the owners. We do not expect any major upticks before Q4, but the optimism is dawning. Aframax 12 months T/C rates: $14.500 per day Average spot market earnings: $15.700 per day Bulkers Baltic Dry Index has grown 3,3% since last update. It closed at 1.676 points at the end of last week. Panamax rates have been lifted from $10.821 to $12.695, or north of 17%. Demand for Panamax vessels are on the rise, according to freight brokers. Vi expect the positive trend to last,.
Market Report Week 27-28
Tankers The spot rate for Aframax continued its correction last week. The latest movement in the oil market is looking very positive for the sector, but it is common that the activity declines at this time of the year. On the other side of the summer, we expect to see the effect of the measures taken by the OPEC, parallel with the effects of significantly lower inventory. Price 12 months lease: $14.500 per day The average rate in the spot market: $9.700 per day Bulkers The Baltic Dry index rose 17,1% last week and closed on 1.622 points. The rates.
Oil cartel OPEC increases production
Removes production cuts equal to 1 million barrels a day According to Reuters, OPEC has reached an agreement, despite the disagreement that existed before the meeting, to reduce production cuts equivalent to one million barrels a day. This means an actual increase of 600.000 barrels from today’s production levels. There is always some uncertainty about how much impact it will have on the tanker market, but it can surely only be interpreted positively. An increased supply of 1 million barrels a day, according to Clarkson’s, could increase prices from $15.000 to $25.000 a day for the largest ships. Two million.
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