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Bulk Carrier Trends

Capesize Demand Buoys Baltic Index

File Image: A large Capesize bulker underway at sea. (CREDIT: AdobeStock / (c) Lucasz Z)

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Wednesday as demand for capesize vessels increased.   The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was up 26 points, or 2.88 percent, at 929 points.

Lenders Ramp up Pressure on 'Toxic' Shipping Debt

Financiers are set to take a tougher stance towards distressed shipping loans including more enforcement action to recoup funds, while capital on offer to the industry is expected to shrink further, a leading transport survey showed on Wednesday.   The global shipping sector is reeling from a near-decade-long downturn,

Multipurpose Shipping Looks Bullish

Graph: Drewry Shipping Consultants Limited

 Many key drivers for dry cargo demand have reported a significant uptick in 2017, resulting in improving conditions for all vessels in the multipurpose shipping sector, according to the latest Multipurpose Shipping Market Review and Forecast report published by global shipping consultancy Drewry.   This

Baltic Index Rises as Key Vessel Rates Firm

© Volodymyr Kyrylyuk / Adobe Stock

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Monday on higher vessel rates across the industry. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was up 14 points, or 1.61 percent, at 884 points.

Dry Bulk, Tanker Newbuilds on the Rise -BIMCO

© Nightman1965 / Adobe Stock

Tanker and dry bulk vessel newbuild contracts have been signed at an increasing pace so far in 2017, with newbuild activity for the first half of 2017 surpassing the same period last year by 20 percent. According to BIMCO, 5.9 million DWT was contracted in May 2017 and 3.1 million DWT so far in June 2017,

Reederei Hamburger Lloyd Chooses Sealink Plus VSAT

Hamburg-based shipping group Reederei Hamburger Lloyd will move its fleet of nine containerships and six bulk carriers to Marlink’s Sealink Plus VSAT package including unlimited L-band backup.   Hamburger Lloyd is a long term customer of Telemar Germany and was looking for a communications solution

Baltic Index Gains on Stronger Rates for Panamax, Smaller Vessels

© beketoff /Adobe Stock

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose for second consecutive session on Friday supported by stronger rates for panamax and smaller vessels. The overall index, which considers rates for capesize, panamax, supramax and handysize shipping vessels, rose 15 points, or 1.

Baltic Index Snaps Six-day Losing Streak

© Chadakorn Phalanon / Adobe Stock

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Thursday to snap a six-day streak of losses, boosted by higher demand for panamax and smaller vessels. The overall index, which considers rates for capesize, panamax, supramax and handysize shipping vessels, climbed 11 points, or 1.

US-flag Great Lakes Shipping Steady in May

© johnsroad7 / Adobe Stock

U.S.-flag Great Lakes freighters (lakers) moved 9.5 million tons of cargo in May, a virtual repeat of a year ago, the Lake Carriers’ Association (LCA) reported. The float totaled 9,496,663 tons this May and 9,473,709 tons a year ago. This May’s shipments were, however, down 5 percent from the month’s long-term average.

US Trade Rep Says No Deadline Set for NAFTA Deal

File photo: Port of Los Angeles

U.S. Trade Representative Robert Lighthizer said on Wednesday there was no deadline for completing NAFTA trade talks between the United States, Canada and Mexico even as lawmakers warned that U.S. business would be hurt by prolonged negotiations.   "There is no deadline. My hope is that we can get it done by the end of the year,

Shipping Confidence Climbs to Three-year High

© Sergey Evsyukov / Adobe Stock

Shipping confidence reached its equal highest rating in the past three years, according to the latest Shipping Confidence Survey for the three months to end-May 2017 from international accountant and shipping adviser Moore Stephens.   The average confidence level expressed by respondents to the survey was up to 6.

Metro Ports to Operate Port of Indiana Bulk Terminal

Left to right: Ken Kaczmarek, Chairman, Ports of Indiana Commission; Michael Ferguson, President, Metro Ports; Michael Giove, COO, Nautilus International Holding Company; Rich Cooper, CEO, Ports of Indiana; Jody Peacock, Vice President, Ports of Indiana; Ian Hirt, Port Director, Port of Indiana-Burns Harbor (Photo: Ports of Indiana)

The Ports of Indiana announced that Metro Ports – the country's oldest stevedoring company – will become the new bulk terminal operator at the Port of Indiana-Burns Harbor. Starting July 1, 2017, Metro Ports will manage the loading and unloading of shipments along the port's East Harbor for port tenants and outside companies shipping bulk cargoes,

Glencore to Respond after Rio Favours Yancoal Bid

Glencore on Tuesday said it would review its options after Rio Tinto said it was sticking to a recommendation of China-backed Yancoal as the preferred buyer of its Coal & Allied division in Australia.   In a statement, Glencore, which had made a higher offer than Yancoal, said it would respond "in due course."   Reporting by Barbara Lewis 

Baltic Index Falls for Fourth Straight Session

© sergeevspb / Adobe Stock

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for the fourth straight session on Monday, pressured by weaker capesize vessel rates.   The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was down 3 points, or 0.

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