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Baltic Dry Index 1985 - 2022. The Baltic Dry Index ( BDI) is a shipping freight-cost index issued daily by the London -based Baltic Exchange. The BDI is a composite of the Capesize, Panamax and Supramax timecharter averages. It is reported around the world as a proxy for dry bulk shipping stocks as well as a general shipping market bellwether.
A bulk carrier or bulker is a merchant ship specially designed to transport unpackaged bulk cargo —such as grain, coal, ore, steel coils, and cement—in its cargo holds. Since the first specialized bulk carrier was built in 1852, economic forces have led to increased size and sophistication of these ships. Today's bulk carriers are specially ...
Freight rate. A freight rate (historically and in ship chartering simply freight[ 1]) is a price at which a certain cargo is delivered from one point to another. The price depends on the form of the cargo, the mode of transport ( truck, ship, train, aircraft ), the weight of the cargo, and the distance to the delivery destination.
Dry bulk has been the "Wile E. Coyote" of ocean shipping for the past decade – forever chasing after profits only to lunge at empty air and repeatedly fall straight off a cliff.Rates for ...
Ocean shipping rates on major trade routes have fallen by more than half since the beginning of this year, a potential sign of easing inflation pressures and alleviated supply chain logjams.
This is a list of the 30 largest container shipping companies as of February 2024, according to Alphaliner, ranked in order of the twenty-foot equivalent unit (TEU) capacity of their fleet. [1] In January 2022, MSC overtook Maersk for the container line with the largest shipping capacity for the first time since 1996. [ 2 ]
Vessel Finder. Retrieved 12 January 2024. ^ "MSC Tessa breaks the record for the world's largest container ship with a capacity of 24,116 TEU". www.phaata.com. Retrieved 2 November 2022. ^ "MSC TESSA, Container Ship - Details and current position - IMO 9930038 - VesselFinder". www.vesselfinder.com. Retrieved 18 April 2023.
Eagle Bulk (NASDAQ: EGLE), an owner-operator in the dry bulk ocean shipping sector, was weighed down by the same market pressures as its competitors, and profits declined in the first quarter ...
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