Baltic index steady as weaker capesize rates counter gains in smaller vessels

The Baltic Exchange’s dry bulk sea freight index was little changed on Thursday, as gains in smaller vessel segments countered weaker capesize rates. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was down 1 point, or 0.1%, at 1,581 points. The capesize index shed 42 points, or 1.7%, to …

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A decrease in the Suezmax dirty tonne days from Africa to Med/UK Continent and TCE in February

In the third week of February, the VLCC MEG-China route garnered market interest, spurred by a recent upturn that reached highs not seen since the beginning of January. Conversely, the Suezmax Wafr to Continent route experienced a steady downward correction following its peak at the end of January, while the growth of tonne days exhibited …

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Shipping firms enter EU ETS at market trough; admin backlogs expected

New EU rules will provide shipping companies with more opportunities to buy greenhouse gas emissions allowances at a market trough via opening a holding account, but market players worry that their application process could be prolonged by administrative backlogs. As part of Brussels’ regulation to extend the Emissions Trading System to cover shipping from this …

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Transpacific: A carrier success story

A combination of strong demand and carefully managed capacity is boosting spot rates on the Transpacific container trades, just in time for contract season. The Drewry World Container Index – a benchmark of spot rates on eight East-West container trades, released every Thursday – shows that spot market freight rates from Asia to Europe have …

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