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Baltic Index Falls On Waning Panamax Rates

© EdVal / Adobe Stock

The Baltic Exchange's main sea freight index hit an almost one-week low on Monday, dragged down by weaker demand for panamax and supramax vessels.The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, dipped 8 points, or 1.3%, to 617. This is its lowest level since March 17.

Baltic Index Falls on Softer Panamax Demand

© Alexey Lesik / Adobe Stock

The Baltic Exchange's main sea freight index dipped on Tuesday, weighed down by a fall in rates for panamax vessels, which registered its seventh straight day of decline.The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, declined 11 points, or 1.

Shipping Confidence at 18-month High

Richard Greiner, Partner, Shipping & Transport at BDO

Confidence in the shipping industry rose in the last quarter to its highest level for 18 months, according to the latest Shipping Confidence Survey from leading shipping adviser and accountant BDO.The average confidence level expressed by respondents to the survey was 6.4 out of 10.0, compared to 5.

Diana Shipping Posts $1.8M Q3 Net Income

Diana Shipping reported net income of $1.8 million and net income attributed to common stockholders of $3 million for the third quarter of 2019. This compares to net income of $14.8 million and net income attributed to common stockholders of $13.3 million reported in the third quarter of 2018.Time charter revenues were $53.

Stronger Demand Bolsters Baltic Index

File Image (CREDIT: K Line)

The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, inched up on Wednesday, helped by stronger demand across all vessel segments.The Baltic index, which tracks rates for capesize, panamax and supramax vessels, rose 14 points, or nearly 1%, to 1,

BIMCO: Chinese Steel Production Declines

Source: BIMCO

Chinese steel production dropped by one million (1m) tons, a decline of 1.2%, compared to October last year. China produced 81m tonnes of crude steel in October 2019. This is the first decline in steel production year-on-year (y-o-y) since December 2017.The story unfolds quite differently when looking

TeleSense Debuts Advanced Grain Monitoring System

AdobeStock / © Igor Strukov

Purpose-Built for New Grain Storage Challenges Brought on by Climate Change and Geopolitical Tensions, the Cellular SensorSpear Monitors and Protects Post-Harvest Grain.TeleSense, a post-harvest grain monitoring innovator, today announced the general availability of its Cellular SensorSpear™ to

BHP: No Impact from Sanctions on China's COSCO

Adobestock / © Lidian Neeleman

The sanctions imposed by the United States on subsidiaries of Chinese state-owned group COSCO have not affected the world's biggest dry bulk shipper BHP , the mining company said, after carrying out due diligence to check.In one of the biggest sanctions actions taken by the U.S. government since its crackdown on Iranian oil exports,

Baltic Index at 4-month Low on Weak Demand

AdobeStock / © Lucasz Z

The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, fell to a four-month low on Monday, weighed down by easing rates across vessel segments.The Baltic index, which reflects rates for capesize, panamax and supramax vessels, fell 22 points, or 1.3%, to 1,675, its lowest since July 3.

Baltic Index Slips to Near 4-Month Low

File Image: CREDIT "K" Line

The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, fell to a near 4-month low on Friday as rates fell across vessel segments.The Baltic index, which reflects rates for capesize, panamax and supramax vessels, fell 34 points, or 1.96%, to 1,697, its lowest since July 3.

Baltic Index Inches Lower on Weaker Panamax Demand

Peter Sand, chief shipping analyst at BIMCO

The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, inched lower on Wednesday on weaker demand for panamax vessels.The Baltic index, which reflects rates for capesize, panamax and supramax vessels, edged down by 20 points, or 1.1%, to 1,782.The capesize index was unchanged at 3,078 points.

Waning Demand Across All Sectors Drags on Baltic Index

File Image / AdobeStock / © Volodymyr Kyrylyuk

The Baltic Exchange's main sea freight index fell for a ninth straight session on Wednesday to a two-week low, hurt by weaker demand across vessel segments.The Baltic index, which reflects rates for capesize, panamax and supramax vessels, fell 27 points, or 1.5%, to 1,779, its lowest in over two weeks.

Baltic Index Sags as Rates Slip

AdobeStock / Credit © Lidian Neeleman

The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, extended losses for a sixth consecutive session on Friday, on weak demand across all vessel segments.The Baltic index, which reflects rates for capesize, panamax and supramax vessels, dropped 6 points, or 0.

Baltic Index at One-week Trough as Demand Sags

File Image: A recently delivered K Line Coal Carrier. CREDIT: K Line

The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, fell to a one-week low on Wednesday, on weaker demand for all vessel segments.The Baltic index, which reflects rates for capesize, panamax and supramax vessels, was down 1 point at 1,897, extending losses to a fourth session.

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