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Baltic Dry Index Pulls Back

The Baltic Exchange’s dry bulk freight index, which tracks rates for ships carrying dry bulk commodities, fell about 1.3% to 3,426 points on Friday, following a 1.2% rise in the prior session, pressured by the bigger-size segment. The capesize index, which typically transports 150,000-ton cargoes, including iron ore and coal, slumped by 2.6% to 5,784 ...

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Accelerating zero-emission shipping between Oslo and Rotterdam, and beyond

The transition to zero-emission short-sea shipping has reached a pivotal milestone as the EU-funded HyShip project welcomes the SeaShuttle container vessels as its new real-world demonstrators.

  • EU-funded HyShip project advances zero-emission shipping between Oslo and Rotterdam.
  • Two SeaShuttle vessels powered by 32 Ballard FCwaveTM 200 kW fuel cells.
  • Port bunkering infrastructure development crucial for liquid hydrogen transfer.

GMS Week 39 – Earnings Roar, Supply Retreats

Last week, constrained passage through Hormuz was the story. This week, the cost of moving through it has become the louder one.

  • Tanker earnings exceeded $1 million per day due to high costs in Hormuz Strait
  • Crude prices fluctuated between $94 and $106 per barrel throughout the week
  • Baltic Dry Index reached 3,473 on Thursday, indicating strong dry freight earnings

Drewry: World Container Index Down 1% Last Week

For many years, World Container Index (WCI) has been the go-to, independent, global reference for index-linked contracts.

  • Drewry World Container Index drops 1%, settles at $4,468 per 40ft container
  • Asia-Europe trade route rates fall 5%, especially to Genoa and Rotterdam
  • Blank sailings increase to 15 announced for next week, signaling limited capacity

Xeneta: Freight rates set to climb in early October

Peter Sand, Xeneta Chief Analyst: “For the high-flying spot rates from Far East to US East and West Coasts, we may just begin to see the end of that rising trend as we get into the first half of…

  • Freight rates in container shipping to rise in early October
  • Spot rates from Far East to US Coasts increased 31% and 18%
  • Rates for North Europe and Mediterranean declined 29% and 38%

More from Friday 25 September →