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The Baltic Exchange’s dry bulk freight index, which tracks rates for ships carrying dry bulk commodities, was up for a second session on Wednesday, rising about 1% to 3,620 points, supported by all vessel segments. The capesize index, which typically transports 150,000-ton cargoes including iron ore and coal, also advanced for a second day, rising ...
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Harworth said it will scale back its exposure to the residential sector entirely and 'accelerate the reallocation of capital to higher returning opportunities'.
LNG exporters are looking for ways around the disruption in Hormuz, with three Gulf cargoes recently moved using ship-to-ship transfers (STS) as Qatar and UAE exports remain far below pre-war levels.
The VLCC positions list is now so tight that no one would be too surprised if we see the WS 400 mark breached for a Source: Fearnleys A.S
The Capesize market strengthened sharply over the week, led by sustained momentum in the Atlantic. The Baltic Capesize Index (BCI) rose by 950 points to 6,286, while average C5TC earnings increased by…
Four regions – the Strait of Hormuz, the Red Sea, the waters off Somalia, and the Black Sea – are now simultaneously active theatres of danger, on a scale the shipping industry has not seen before.
The ship recycling market has been on a roll over the past week, gaining further momentum. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that “the…
