BALTIC DRY INDEX
Dry-Bulk shipping rates extend decline as capesize demand cools
This decline is attributed to cooling demand in larger vessel segments, particularly Capesizes, despite a strong first half of the year. An increase in vessels sailing without cargo signals weakening demand relative to supply.
Automakers' joy ride hits a big cost hurdle
Rising input costs and freight charges, driven by the West Asia crisis, are pressuring automakers to increase vehicle prices. This surge in expenses, coupled with a depreciating rupee, threatens to derail the strong demand rally seen post-GST cuts. While sales have shown robust growth, companies face a dilemma between absorbing costs or passing them to consumers.
Dry-bulk shipping rates hit two-year high on capesize demand
This rise is attributed to increased demand for Capesize vessels, tightening ship supply, and disruptions in iron ore exports. The conflict in the Middle East has also contributed to the upward trend in freight rates.
US oil ETF hits highest since 2015 as shipping costs surge and energy market shifts beyond oil prices
Oil prices are rising fast as global tensions grow, and the US Oil ETF is hitting new highs. But the bigger story is not just oil, it is shipping costs. A small ETF linked to oil transport is growing very fast. This shows investors are now looking at how oil moves, not just how much it costs.
India's ship recycling industry to grow to 3.8-4.2-million GT in 2025: Report
India's share in the global recycling industry remained around 27 per cent in the past, before increasing to around 33 per cent in CY22 and CY23, reflecting a rise in its contribution amidst global declines.
Why shippers hate recessions, but love crises
The global economy and the next year outlook haven’t improved largely in that time. Instead, a series of localised crises pushed demand for transportation.
- Go To Page 1
Global scramble for commodities sends shipping prices soaring
Growth in bauxite, coal, and grain trades, supported by pickup in global and Chinese demand for minor ores and other bulks, will keep vessel supply tight and support a high freight market in the short term.
Ship-breaking players to profit due to pressure on shipping industry
With the revival of steel demand and increasing supply of shipping vessels for scrapping, the ship-breaking companies in India, Bangladesh and Pakistan are likely to profit.
Optimistic on future growth on indication from Baltic Dry Index: Anoop Kumar Sharma, SCI
"The dry segments are seeing good growth in last one month; container sector is still ailing," Anoop Kumar Sharma said.
GE Shipping shares rises 11%
The GE Shipping stock hit 52-week high of Rs 470.35 on Wednesday but pared some of the gains to close at Rs 452.85, up 6.83%.
Shipping stocks riding high, but experts feel it's not time to book profits just yet
The Baltic dry index is at a multi-year high but experts said that for shipping stks to generate good returns, it would have to move up to at least 3K levels.
Downturn in oil prices beneficial for shipping industry: Sandeep Upadhyay, Centrum Infrastructure Advisory
Baltic Dry Bulk Index (BDI) has risen 340% over the past one year and after hitting an all-time low of 290 points in February 2016, said Sandeep Upadhyay.
Shipping companies shares rise after Baltic Dry Index hits 2-year high
The Baltic Dry Index is compiled by the Baltic Exchange based in London. It covers the prices for transported cargo such as coal, grain and iron ore.
Shipping stocks struggle to generate returns despite 4-fold jump in Baltic Dry index
Since February 1, 2016, the BDI has risen 300 per cent to 1,257 till November 18. The index was at 314 on February 1.
Mercator sells loss-making Singapore subsidiary for 3 Singapore Dollars
Mercator had in a January 18 BSE filing, said the Singapore unit was adversely impacting its consolidated performance.
Shipping stocks rally on index surge
A near 100% rise in the Baltic Dry Index over the past three-and-a-half months has propelled a rally in the stocks of Indian shipping companies.
Recent increase in Baltic Dry Index is due to demand from China: BK Mandal, SCI
The Baltic Dry Index movement this year is nothing unusual and we cannot really read much out of this increase.
ABG Shipyard shares rally 14% post block deal
ABG Shipyard continued to surge for the second straight session even as ICICI Prudential Life Insurance sold 5.82 lakh shares for Rs 15.79 crore.
Surge in Baltic Dry Index buoys shipping company stocks
Shipping company stocks have got a Baltic boost, with the share prices of some of these companies rising by 5%-20% in a single trading session.
Shipping companies surge as Baltic Index hits 21-month high
Shares of sailing companies were sailing smooth after the dry Baltic Index, surged to a 21-month high to 2,127 points, up 106 points or 5.24%.
Baltic Dry Index: Relief in sight for shipping companies
A benchmark of dry bulk shipping freight rates, bodes well for shipping cos like Great Eastern Shipping and Shipping Corporation of India.
Amidst global uncertainities, delayed rains dampen country's exim trade milieu
While a snapshot of the world shipping environment depicts a market beset with uncertainties , the sectoral scenario of the country seems to have been made worse by whimsical Rain Gods.
Essar Shipping net profit rises 186% to Rs 54.90 crore
Essar Shipping, the demerged entity of Essar Shipping Ports & Logistics on Monday said that the company's net profit rose by 186% in the April-June period.
Fall in Baltic Dry Index raises concerns among shipping companies
Baltic Dry Index plunged to its lowest level after it touched 647 pts, nearly 20 pts lower than the previous low of 663 recorded during 2008 financial meltdown
Baltic Dry Index will continue to remain volatile: Siddhartha Khemka, Centrum Broking
We have seen the index remaining very volatile in the past and it continues to remain so based on the momentary shift in demand from China.
Excess supply from countries like China to weigh down freight rates
Baltic Dry Index has risen 27% in the past three months, mainly due to an increase in iron-ore imports from China.
Offshore business a bright spot for GE shipping
GE Shipping’s March 11 quarter results once again highlight the difficult operating environment for companies in this sector.
Load More
