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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Ship Recycling Market Gaining Positive Traction

Ship Recycling Market Gaining Positive Traction
The ship recycling has retained its upward momentum over the past week. In its latest weekly report, Best Oasis a leading cash buyer of ships said that “the Indian market remains positive, with buyers continuing to show interest for available recycling tonnage....
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