Dry Bulk and Oil Segments

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Dry bulk and Oil Segments by Hellenic Shipping News Worldwide

Why know about different segments?

Knowing what is happening in different segments of shipping gives industry specialists an edge in negotiations. Certain kinds of news from countries that rely on each other for energy or other resources can often have a profound influence on overall global economics.

Dry Bulk Market – Hellenic Shipping News Worldwide Hellenic Shipping News Worldwide, Online Daily Newspaper on Hellenic and International Shipping

  • Dry Bulk Market: Capesizes Showing Positive Momentum
    by hellenicshippingnews... on 29/09/2024 at 9:00 pm

    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 ...

  • Dry Bulk Market: Mixed Fortunes
    by hellenicshippingnews... on 27/09/2024 at 9:00 pm

    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 ...

  • Baltic index posts second weekly gain on capesize strength
    by hellenicshippingnews... on 27/09/2024 at 9:00 pm

    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 logs over 10% weekly gain on China rate cuts, stimulus prospects
    by hellenicshippingnews... on 27/09/2024 at 9:00 pm

    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 ...

  • Baltic Dry Index climbs to 2110 up 19 points
    by hellenicshippingnews... on 27/09/2024 at 1:00 pm

    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 ...

Oil & Companies News – Hellenic Shipping News Worldwide Hellenic Shipping News Worldwide, Online Daily Newspaper on Hellenic and International Shipping

  • Oil prices climb on fears of Middle East conflict escalation
    by hellenicshippingnews... on 30/09/2024 at 10:00 am

    Oil prices rose for a second consecutive session on Monday, with concerns escalating over potential supply disruptions in the Middle East after Israel stepped up attacks on Palestianian militant group Hamas and Iranian-backed forces in the region. Brent crude futures LCOc1 for November delivery gained $1.12, up 1.56% to $73.10 a barrel as of 0611 ...

  • US Gulf Coast oil prices to take center stage as exports dominate
    by hellenicshippingnews... on 30/09/2024 at 10:00 am

    Rising U.S. crude oil exports are boosting the prominence of Gulf Coast price benchmarks and buoyingtrading volumes on Houston contracts, eroding the significance of the Cushing, Oklahoma, storage hub. Since U.S. WTI Midland crude oil transactions joined the dated Brent price assessment a year ago, U.S. oil exports have overshadowed the role of Cushing as ...

  • India to be among global oil demand growth drivers in 2023-2050 – OPEC
    by hellenicshippingnews... on 30/09/2024 at 10:00 am

    India is expected be a major driver of global long-term oil demand growth through to 2050, alongside the Middle East and Africa, OPEC said in a report. These regions were identified as the “key sources of incremental [oil] demand in the coming years”, OPEC said in its 2024 World Oil Outlook report released on 24 ...

  • Libya’s oil output, exports to resume after deal on central bank head
    by hellenicshippingnews... on 30/09/2024 at 10:00 am

    A month-long oil shutdown in Libya looks set to end within days after rival political factions agreed to appoint a new central bank governor Sept. 26, while crude loadings looked to have resumed at a key export terminal. Naji Essa has been nominated to lead the key institution, which takes receipt of Libya’s lifeblood oil ...

  • The Commodities Feed: Further China support measures
    by hellenicshippingnews... on 30/09/2024 at 10:00 am

    Energy – Oil market shrugs off Middle East escalation The oil market’s response to developments in the Middle East over the weekend has been somewhat muted. The market has become increasingly numb to the tension in the region given that, after almost a year of conflict, there has still been no impact on oil production. ...

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