Leading shipping associations have proposed creating a global levy on carbon emissions from ships to help speed up the industry's efforts to go greener. With about 90% of world trade transported by sea, global shipping accounts for nearly 3% of the world's CO2 emissions and the sector is under growing pressure to get cleaner.
The Baltic Exchange's main dry bulk sea freight index fell to a two-week low on Thursday, as a retreat in panamaxes and supramaxes offset a slight uptick in the larger capesize segment. * The overall index, which factors in rates for capesize, panamax, supramax and handysize vessels, declined 12 points, or 0.3%, to 4,001, lowest since Aug. 19. * The panamax index fell 57 points, or 1.5%, to 3,649.
The Baltic Exchange's main dry bulk sea freight index extended its fall to a second day on Wednesday, as rates across vessel segments weakened. * The overall index, which factors in rates for capesize, panamax, supramax and handysize vessels, declined 119 points, or 2.8%, to 4,013. * The capesize index fell 253 points, or 4.3%, to 5,666.
More than two dozen oil vessels were clustered off Louisiana seaports on Tuesday as the U.S. Coast Guard and port operators assessed damages wreaked by Hurricane Ida, according to sources and Refinitiv Eikon data. Dozens of ports from Louisiana to Alabama closed as Ida tore through the Gulf of Mexico and slammed into the coast on Sunday.
The Baltic Exchange's main dry bulk sea freight index eased from a more than 11-year high on Tuesday, but the index notched up its second monthly gain in three due to global shipping constraints and robust demand. * The overall index, which factors in rates for capesize, panamax, supramax and handysize vessels, declined 103 points, or 2.4%, to 4,132.
The Baltic Exchange's main dry bulk sea freight index inched higher on Thursday, as gains in the panamax and smaller vessel segments overshadowed a slight retreat in capesizes, with strong demand likely to keep rates elevated.
The Baltic Exchange's main dry bulk sea freight index neared its highest level in over a decade on Thursday, on gains in the panamax and smaller vessel segments. * The overall index, which factors in rates for capesize, panamax, supramax and handysize vessels, gained 2 points at 4,195, not far from its highest since mid-2010 scaled on Aug. 24.
The Baltic Exchange's main dry bulk sea freight index fell on Wednesday, halting a 11-session rally that saw it scale its highest level in over a decade, as the larger capesize vessel segment retreated. * The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, fell 8 points to 4,193.
Solid demand across dry bulk vessels segments propelled the Baltic Exchange's main sea freight index to its highest level in more than a decade on Tuesday, with larger capesizes stretching a winning streak to a 10th straight day. * The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, rose 54 points to 4,201, its highest since mid-2010.
The Baltic Exchange's main sea freight index on Monday rose to a more than 11-year peak on rising demand for all vessel sizes, with capesize rates extending their winning run to an 11th straight session. * The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, rose 55 points, or about 1.3%, to its highest since mid-2010 at 4,147.
News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.
PDF’s require Adobe® Reader® and will open in a new window.
Log In Required
