Baltic dry index now at over month low

Baltic dry index now at over month low
The Baltic Exchange’s dry bulk freight index, which tracks rates for ships carrying dry bulk commodities, retreated for a fourth straight session on Wednesday, slumping about 2.1% to its lowest since August 27 at 3,113 points. The capesize index, which typically...
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Is Iran losing its grip on the Strait of Hormuz traffic?

Is Iran losing its grip on the Strait of Hormuz traffic?
Iran has demanded that all Strait of Hormuz transits use the northern corridor through its territorial waters. Rising volumes of Saudi, Iraqi, and Kuwaiti crude, along with UAE volumes that cannot reach Fujairah by pipeline, are instead moving through the southern...
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