Main sea freight index at Baltic Exchange down to 1,436 points

Main sea freight index at Baltic Exchange down to 1,436 points

Nov 10, 2014 02:20 GMT  Source:Scrap Register

UNITED KINGDOM November 07 2014 6:09 PM

LONDON (Scrap Register): The main sea freight index at Baltic Exchange for bigger vessels dropped on Thursday mainly due to lower earnings for capesize and panamax vessels.

The overall index, which factors in average daily earnings of capesize, panamax, supramax and handysize dry bulk transport vessels, down by 28 points or 2 percent to 1,436 points on Tuesday.

The main sea freight index at Baltic Exchange is the rate which tracks for ships carrying dry bulk commodities.

A Look At The Baltic Dry Index And Performance Of Shipping Stocks

A Look At The Baltic Dry Index And Performance Of Shipping  Stocks

 

The Baltic Dry Goods Index has had a rather difficult year. The index on a  year-to-date basis is down approximately 44 percent.

This is a critical assessment, as  "Changes in the Baltic Dry Index can give investors insight into global supply  and demand trends."

The delta is considered a leading indicator, with rising values indicating  growth and decreasing values indicating as a contraction.

On a macro scale, this is critical. The index has had a major move to the  upside in the past month. For October 2014, the index is up 20 percent and in  the last two weeks, BDIY is up from the lows of 930, to post a 38 percent  gain.

This could fuel a move to the upside of Dry Bulk Shippers, but a cursory  look yields surprising results

Read more: http://www.benzinga.com/general/education/14/10/4962624/a-look-at-the-baltic-dry-index-and-performance-of-shipping-stocks#ixzz3IdC0D2w7

Charter specialist Danaos has a ‘solid’ Q3, despite ‘weak’ container shipping market

Charter specialist Danaos has a ‘solid’ Q3, despite ‘weak’ container shipping market

By Mike Wackett
10.30.2014 · Posted in Loadstar posts, Sea Add to favorites

Greek boxship owner Danaos has warned that the continued delivery of ultra-large container vessels (ULCVs) for deployment on the Asia-Europe tradelane, and the subsequent cascading of smaller ships into other routes is negatively impacting both freight and charter rates.

Announcing the New York Stock Exchange-listed company’s third-quarter results today. chief executive Dr John Coustas said the demand-supply fundamentals of the container market “remained weak”,

“As the super post-panamaxes continue to be delivered and deployed in the Europe-Far East route, the capacity being cascaded inevitably creates overcapacity in the remaining routes, adversely affecting box freight rates and charter rates. Demand is not helping either, as world

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Freight Rate Peak for 2016

November 03, 2014

Freight Rate Peak for 2016

BY MAREX

The supply/demand imbalance that drove dry bulk markets down to 2009 levels during the first half of the year is set for adjustment, with Newport Shipping Group predicting an improved tonnage balance over the next couple of years, resulting in a freight rate peak in the 2016/2017 period.

“The dry bulk markets during the first half of 2014, especially Panamax, Supramax and Handysize, have not been at these low levels since the financial crisis in early 2009,” said Harald Lone, Chairman of Newport Shipping Group [pictured].

“Strong supply growth combined with a decline in most of the major coal trades pushed spot earnings for Panamaxes to just above US$3000 per day in Q1 2014, well

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DP World: Jebel Ali and London Gateway Volumes Grow

WMN 28.10.2014

 

DP World Limited handled 44.8 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals during the first nine months of 2014, with gross container volumes growing by 9.0% on a like-for-like basis. 

On a reported basis gross container volumes grew by 10.1% with new volume at London Gateway (UK) and Embraport (Brazil) contributing to the increase.

Growth for the nine month period was largely driven by the Asia Pacific and India Subcontinent region, Europe and UAE terminals. The UAE delivered another strong performance handling 11.4 million TEU, representing growth of 12.6% year-on-year. We remain encouraged by the performance in Europe, which continues to display strong volume growth.

At a consolidated level, DP

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