Dry Bulk and Oil Segments

Capesize This week saw significant positive momentum in the Capesize market. The BCI 5TC surged by $3,436, closing the week at $30,598, driven largely by robust activity in the North Atlantic region. Monday began with an encouraging uptick in both the Pacific and North Atlantic, pushing the BCI to $27,162. Despite some uncertainty in the ...

The dry bulk market has been a mixed bag so far in 2024, in terms of performance, with Capesizes faring much better than smaller ship classes. In its latest weekly report, shipbroker Xclusiv said that “the dry bulk market has exhibited a mixed performance since the beginning of the year, with different segments experiencing varying ...

The Baltic Exchange’s dry bulk sea freight index on Friday extended gains and posted a second consecutive weekly rise, buoyed by a jump in the capesize segment. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, rose 19 points to 2,110 points, hitting its highest level in nearly three months. ...

Iron ore futures prices rallied for a fourth straight session on Friday and eyed a weekly gain of over 10%, underpinned by fresh interest rates cuts in top consumer China and expectations of more fiscal and property stimulus. The most-traded January iron ore contract on China’s Dalian Commodity Exchange (DCE) DCIOcv1 ended daytime trade 4.38%higher ...

Today, Friday, September 27 2024, the Baltic Dry Index climbed by 19 points, reaching 2110 points. Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry ...