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BALTIC DRY INDEX
Dry-Bulk shipping rates extend decline as capesize demand coolsThis decline is attributed to cooling demand in larger vessel segments, particularly Capesizes, despite a strong first half of the year. An...
Automakers' joy ride hits a big cost hurdleRising input costs and freight charges, driven by the West Asia crisis, are pressuring automakers to increase vehicle prices. This surge in...
Dry-bulk shipping rates hit two-year high on capesize demandThis rise is attributed to increased demand for Capesize vessels, tightening ship supply, and disruptions in iron ore exports. The conflict...
US oil ETF hits highest since 2015 as shipping costs surge and energy market shifts beyond oil pricesOil prices are rising fast as global tensions grow, and the US Oil ETF is hitting new highs. But the bigger story is not just oil, it is sh...
Why shippers hate recessions, but love crisesThe global economy and the next year outlook haven’t improved largely in that time. Instead, a series of localised crises pushed demand for...
Optimistic on future growth on indication from Baltic Dry Index: Anoop Kumar Sharma, SCI"The dry segments are seeing good growth in last one month; container sector is still ailing," Anoop Kumar Sharma said.
Shipping stocks riding high, but experts feel it's not time to book profits just yetThe Baltic dry index is at a multi-year high but experts said that for shipping stks to generate good returns, it would have to move up to ...
Shipping companies shares rise after Baltic Dry Index hits 2-year highThe Baltic Dry Index is compiled by the Baltic Exchange based in London. It covers the prices for transported cargo such as coal, grain and...
Shipping stocks struggle to generate returns despite 4-fold jump in Baltic Dry indexSince February 1, 2016, the BDI has risen 300 per cent to 1,257 till November 18. The index was at 314 on February 1.
Shipping stocks rally on index surgeA near 100% rise in the Baltic Dry Index over the past three-and-a-half months has propelled a rally in the stocks of Indian shipping compa...
Recent increase in Baltic Dry Index is due to demand from China: BK Mandal, SCIThe Baltic Dry Index movement this year is nothing unusual and we cannot really read much out of this increase.
Shipping companies surge as Baltic Index hits 21-month highShares of sailing companies were sailing smooth after the dry Baltic Index, surged to a 21-month high to 2,127 points, up 106 points or 5.2...
Baltic Dry Index: Relief in sight for shipping companiesA benchmark of dry bulk shipping freight rates, bodes well for shipping cos like Great Eastern Shipping and Shipping Corporation of India.
- Amidst global uncertainities, delayed rains dampen country's exim trade milieu
While a snapshot of the world shipping environment depicts a market beset with uncertainties , the sectoral scenario of the country seems t...
- Essar Shipping net profit rises 186% to Rs 54.90 crore
Essar Shipping, the demerged entity of Essar Shipping Ports & Logistics on Monday said that the company's net profit rose by 186% in the Ap...
- Fall in Baltic Dry Index raises concerns among shipping companies
Baltic Dry Index plunged to its lowest level after it touched 647 pts, nearly 20 pts lower than the previous low of 663 recorded during 200...
- Baltic Dry Index will continue to remain volatile: Siddhartha Khemka, Centrum Broking
We have seen the index remaining very volatile in the past and it continues to remain so based on the momentary shift in demand from China.
- Excess supply from countries like China to weigh down freight rates
Baltic Dry Index has risen 27% in the past three months, mainly due to an increase in iron-ore imports from China.
- Offshore business a bright spot for GE shipping
GE Shipping’s March 11 quarter results once again highlight the difficult operating environment for companies in this sector.
- Shipping stocks soars as Baltic Dry Index climbs
Despite India’s key benchmarks ended in red sighting the uncertainty over the election outcome, shipping stocks soared on Thursday as Balti...