Baltic Dry Index Extends Rally to Fifth Session

The Baltic Exchange’s dry bulk sea freight index rose 4.4% to 3,056 on Wednesday, marking a fifth consecutive session of gains and reaching its highest level since August 10. The index tracks rates for capesize, panamax and supramax vessels. Capesize rates led the...
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Export disruptions increasingly hurting tanker demand

Export disruptions increasingly hurting tanker demand
“Tanker markets are facing mounting pressure as export disruptions continue to reduce seaborne volumes, while declining oil and product stocks increase the risk of higher oil prices, weaker economic growth and lower tanker demand,” says Niels Rasmussen, Chief Shipping...
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