Red hot tanker newbuilding prices cool as momentum ‘takes a breather’
Shipbroker argues momentum in new ship values to take a breather, but secondhand market has upside
Drewry Dry Bulk Equity Index Down 3.9% Last Month
In March, the Drewry Dry Bulk Equity Index declined 3.9% and underperformed the S&P 500, which rose 2.3% during the…
Iron ore retreats on weak Chinese industrial data
Iron ore futures prices fell on Monday after weak industrial data in top consumer China and the completion of of…
Baltic index slips for 6th day on weaker vessel rates
The Baltic Exchange’s dry bulk sea freight index fell on Monday, hurt by weaker demand across all vessel segments, with…
Cargill expects busy Brazil grain exports in second half of year
Brazil’s grain exports will pick up in the second half as soy and corn supplies increase despite a drought in…
Stronger Market Boosts Safe Bulkers First Quarter 2024 Results
Safe Bulkers, Inc., an international provider of marine drybulk transportation services, announced its unaudited financial results for the three month…
Iron ore down on pre-holiday risk-off, but posts best monthly gain since June 2023
Iron ore and steel futures fell on Tuesday amid risk-off sentiment ahead of a Chinese public holiday, but most contracts…
China overtakes Japan in April as Australia’s top coal market
Australia shipped more coal to China than Japan in April, the first time this has happened in any month in…
Baltic index steady as gains in capesize offset lower rates for smaller vessels
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, was mostly unchanged on Tuesday…
Baltic index edges up on gains in larger vessels
The Baltic Exchange’s dry bulk sea freight index edged up on Wednesday, buoyed by an uptick in capesize and panamax…