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Baltic Dry Index Up for 3rd Day

The Baltic Exchange’s dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, was up for a third session on Monday, rising about 1.4% to its highest level since August 12 at 2,882 points, supported by gains across all vessel segments. The capesize index, which typically transports 150,000-ton cargoes including iron ore …

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Platts Container Index rises to $7,565/FEU, hitting highest level in 2026

The Platts Container Index, a weighted average of key container routes, rose to $7,565/FEU on Aug. 21, increasing by $3,052.3/FEU and surpassing the previous 2026 high of $4,512.7/FEU on June 1 amid volatility on major container routes. Panama restrictions The North American trade lanes, which have the highest weightings in the PCI, hit a four-year …

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Iran threatens to fine, detain vessels violating Hormuz transit rules

Iran warned that vessels violating its rules for transiting the Strait of Hormuz could face penalties including fines, detention or confiscation, according to a post on X from the Persian Gulf Strait Authority (PGSA). The PGSA, a newly created Iranian body tasked with overseeing the strait, said cargo owners should consult an updated list of …

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