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Baltic Dry Index Up for 5th Day

Baltic Dry Index Up for 5th Day

The Baltic Exchange’s dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, advanced for a fifth consecutive session on Thursday, rising by 1% to its highest since March 5 at 2,161 points, driven by gains across all vessel segments. The...

Shipping: The Hormuz Strait Conundrum After The War in the Middle East

Shipping: The Hormuz Strait Conundrum After The War in the Middle East

Even if the current war in the Middle East is resolved peacefully in the coming weeks, shipping in the region will probably still have to face a new reality. In its latest weekly report, shipbroker Intermodal said that “for most of the past decade, the Gulf states...

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