Baltic Dry Index (BDI) continued to hold steady above the 1,000 point mark with better rates and more tonnage coming from the Atlantic and West Australia market.

Brazilian courts have again halted operations at Vale’s Brucutu mine, and the Baltic Dry Index (BDI) has dropped back below the 1,000 points level.

Rizhao port in Qingdao province has launched four new berths for crude oil, iron ore and bulk cargo operation.

The dry bulk capesize market could be headed for rougher seas on the back of diminishing growth in demand volumes and the still growing capesize fleet, according to Bimco.

Capesize freight rates saw a general lack of physical activities in both the Asia Pacific and Atlantic market this week, with market concerns over cyclones brewing off the Australian coast.

The return of Chinese trade participants from Spring festival failed to create a roar in the Capesize market this week.

Freight rate opened the week on weaker market fundamentals with concern over the China’s economic slowdown and the softening Panamax market. These left the Capesize market with little trading activities and saw a standoff as ship owners offering...

Market sentiment for Capesize market was on the rise this week despite the widening gap between the physical and paper market.

The freight market seems rosy this week with the Baltic Dry Index (BDI) surging toward a multi-year high.

Qinhuangdao Port Co, which manages several ports in northern China, reported a 1.4% rise in throughput for the first half of 2018 to 191.4m tonnes from 188.9m tonnes in the previous corresponding period in 2017.