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Baltic Dry Index Up for 2nd Day

The Baltic Exchange’s dry bulk freight index, which tracks rates for ships carrying dry bulk commodities, advanced for a second session on Friday, rising about 1% to 3,370 points. The capesize index, which typically transports 150,000-ton cargoes, including iron ore and coal, surged by 2% to 5,768 points; and the supramax index went up by ...

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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Xeneta: Carriers Seize Opportunity As Freight Rates Head Towards Record Levels From Far East To US

The Xeneta Weekly Ocean Container Shipping Market Update provides data and intelligence including the latest freight rate and capacity movements across global trades with supporting insight from Peter…

  • Freight rates from Far East to US West Coast and East Coast surged 324% and 325% since February.
  • Bunker prices may reach pre-pandemic levels, potentially impacting fuel surcharges.
  • Carriers adding 6-7% more capacity in September for Far East to US East Coast trade.

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