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Finance & Markets

Baltic Dry Index Jumps to 2023-Highs

The Baltic Exchange’s dry bulk freight index, which tracks rates for ships carrying dry bulk commodities, surged by 5.5% by 3,331 points on Wednesday, reaching its highest since December 2023. Gains were broad-based, led by the larger vessel segments. The capesize index, which typically transports 150,000-ton cargoes including iron ore and coal, jumped 8.1% to ...

We haven't written up this one. Hellenic Shipping News has the full story — the link below goes straight to it.

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How Conflict in the Middle East is Impacting Maritime

Roughly 70 LR2s, equivalent to 154 MR2s in dwt terms, have reportedly dirtied up so far this year, as the crude market considerably outperformed the oil products market.

  • 70 LR2 tankers damaged, 154 MR2s in deadweight tonnage
  • Gulf region faces cargo availability constraints, risky waters
  • Strait of Hormuz safety could benefit medium-sized vessels

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