Baltic Dry Index Rises for 2nd Session

The Baltic dry index increased 0.4% to 2,725 on Thursday, extending a 1.7% rise in the previous session. The capesize index, which typically transports 150,000-ton cargoes, including iron ore and coal, advanced 2% to 4,198, its highest level since July 16. On the...
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Tankers make sharp U-turns after Houthi shipping threat

Tankers make sharp U-turns after Houthi shipping threat
At least seven oil tankers have made U-turns close to Yemen since the Iran-linked Houthi group announced a “maritime embargo” against Saudi Arabia on Monday, ship-tracking data shows. All of the ships were travelling either to or from Saudi ports and made sharp...
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