Mitsui OSK Lines (MOL) has inked a five-year bauxite shipping contract with Alufer Mining.

It was a roaring month with freight rates hitting higher notes and saw the Baltic Dry Index (BDI) reaching a new high. By Wednesday, the BDI climbed to 1,536 points, up 30 or 1.99% day-on-day, inching toward the peak of 1,588 recorded in the late...

The futures market has constantly been re-adjusting since the beginning of this year and forward freight agreements (FFAs) have been underestimating the underlying strength of the dry bulk market.

The dry bulk shipping arena’s upward trajectory is continuing and as earnings season for Q3 2017 results have continued onward, equity analysts were turning more positive.

Dry bulk shipping is all the rage. Consider that Scorpio Bulkers (SALT), a bellwether of the sector, has seen its share price strengthen with the seemingly improved dry bulk market.

It is another shining chapter for the Baltic Dry Index (BDI) as the rates roared higher into record-breaking zone. On Wednesday, the BDI powered to 1,449 points, the highest level in the year and up 34 points at day-on-day basis.

Like Hokusai’s Great Wave, the freight market has its ups and downs, and this week we are seeing a downside – perhaps before another upsurge. As such, the Baltic Dry Index (BDI) fully captured the market sentiment and fell to 1,222 points on...

Bearish market sentiment has descended upon freight rates with the value of FFA contracts slashed and in full retreat. The Baltic Dry Index (BDI) dipped to 968 points on Wednesday after plateauing for past three days in a 977-980 range. 

Like the legendary phoenix, the freight market has been reborn this week, with the Baltic Dry Index (BDI) rising from 884 points to 929 points, breaking the 900-barrier in the matter of days.

Navios Maritime Partners has announced a $31.05m acquisition deal for a secondhand South Korea-built capesize bulk carrier that comes attached with a charter contract until 2018.