Baltic Index Drops To More Than Three-Week Low As Larger Vessel Rates Slip

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell to more than a three-week low on Thursday as rates across larger vessels slipped. The index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 90 points to 1,419 points, its lowest level since …

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BIMCO: Crude Tanker Shipping Market To Tighten Slightly in 2025, Products to Soften

Supply/demand balance For 2025, we forecast a slight strengthening of market conditions for crude tankers and a slight weakening for product tankers. Our demand forecast for both sectors is an increase of 2.5%-3.5% in 2025 but the product tanker market will have to contend with faster growth of the fleet and supply. Our forecast assumes …

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