This week saw the capesize paper market traded near to the floor, even before the announcement of raising US tariffs for all steel imports by 25%. Starting from Monday, capesize rates plunged due the lop side supply-demand situations, with more...
The recent US stock market biggest single trading day drop did not dampened the market sentiment on freight market. Dubbed as “Black Monday” or rather a market correction on 5 Feb 2018 where the Dow Jones Industrial average fell by almost 1,200...
Not so many moons ago the Baltic Dry Index (BDI) found itself at the similar territory to where it is today with plunging rates as Lunar New Year approached. Then just days after the Lunar New Year, the BDI fell to lowest ever level at 290 points...
The Baltic Exchange is dropping handysizes from its key dry bulk market index the BDI.
The capesize market took a hammering throughout the week as the lack of cargoes and tonnage oversupply problem persisted. The under-pressure capesize market pulled the Baltic Dry Index (BDI) to a five-month low at 1,139 points, down 25 points day...
Profit-taking and cyclones have summed up the freight market this week. First, the shippers’ profit-taking continued into the week ended on 12 January 2018 and saw the capesize paper market ventured into the red.