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Finance & Markets

Tanker Rates Are Up, But So Is Ships’ Supply

Tanker supply has been growing over the past few years, as more and more newbuildings are entering the global fleet. In its latest weekly report, shipbroker Xclusiv said that “tanker fleet growth has accelerated considerably over the past two years, marking a clear shift from the unusually restrained supply environment that supported the market earlier ...

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

Read the original at hellenicshippingnews.com →

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Baltic Dry Index Extends Slide

The Baltic Exchange’s dry bulk freight index, which tracks rates for ships carrying dry bulk commodities, slumped about 4.6% to its lowest since june 30 at 2,545 points on Thursday, marking the ninth…

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