Economics News Results

  • Baltic index rises as smaller vessels gain

    The Baltic Exchange's main dry bulk sea freight index rose for a fifth straight session on Wednesday to its highest level in more than two weeks, on gains in panamax and supramax rates. * The overall index, which factors in rates for capesize, panamax, supramax and handysize vessels, gained 12 points at 4,233, its highest since Aug. 27. * The capesize index dropped 37 points, or 0.6%, to 6,437.

  • Shipping Container Market Size Worth $15.83 Billion By 2028 | CAGR: 12.0%: Grand View Research, Inc.

    SAN FRANCISCO, Sept. 15, 2021 The global shipping container market size is expected to reach USD 15.83 billion by 2028, according to a new report by Grand View Research, Inc., expanding at a CAGR of 12.0% from 2020 to 2028.

  • Baltic index extends gains on strong demand across vessel segments

    The Baltic Exchange's main dry bulk sea freight index extended gains to a fourth straight session on Tuesday, rising to a more than two-week high, propelled by higher rates across vessel segments. * The overall index, which factors in rates for capesize, panamax, supramax and handysize vessels, rose 58 points, or 1.4%, to 4,221.

  • Capesize, panamax jump propels Baltic index to near 1-week peak

    The Baltic Exchange's main dry bulk sea freight index rose more than 6% to its highest in about a week on Friday, aided by a jump in the capesize and panamax segments. * The overall index, which factors in rates for capesize, panamax, supramax and handysize vessels, rose 221 points, or 6.1%, to 3,864. * The main index fell about 2% this week.

  • Baltic index ends 7-session losing run as capesize, panamax rates rise

    The Baltic Exchange's main dry bulk sea freight index snapped a seven-session losing streak on Thursday, buoyed by firmer rates for larger vessel segments. * The overall index, which factors in rates for capesize, panamax, supramax and handysize vessels, rose 25 points, or 0.7%, to 3,643. * The capesize index added 76 points, or 1.6%, to 4,962.

  • Baltic index dips to 3-week low on easing vessel rates

    The Baltic Exchange's main dry bulk sea freight index declined on Wednesday to its lowest in more than three weeks, as rates slipped across all vessel segments. * The overall index, which factors in rates for capesize, panamax, supramax and handysize vessels, fell for a seventh straight session by 89 points, or 2.4%, to 3,618, its lowest since mid-August.

  • Baltic index dips to two-week low as rates retreat for all vessels

    The Baltic Exchange's main dry bulk sea freight index on Monday fell to a two-week low on declining rates across all vessel segments. * The overall index, which factors in rates for capesize, panamax, supramax and handysize vessels, fell 122 points, or 3.1%, to 3,822. * The capesize index declined 263 points, or 4.7%, to its lowest in two weeks at 5,362.

  • Shipping industry proposes levy to speed up zero carbon future

    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.

  • Baltic index drops to 2-week low as smaller vessels fall

    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.

  • Baltic index dips as vessel rates across segments fall

    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.

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