Baltic Dry Index Edges Down on Wednesday

The Baltic Exchange’s dry bulk freight index decreased 0.4% to 2121 on Wednesday, from a more than three-week high in the previous session. The capesize index, which typically transport 150,000-ton cargoes such as iron ore and coal, fell 2.5% to 3128. On the other...
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Newbuildings regain their appeal

Adding new cargo-carrying capacity has become more popular again. Over the past five years an upwards trend in the world merchant ship fleet’s newbuilding orderbook has unfolded. Orders for bulk carriers, tankers, container ships, gas carriers and other ship types...
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