The Baltic Exchange's main dry bulk sea freight index slipped on Friday due to a decline in capesize rates, although the main index posted a weekly gain of 8.6% * Gains this week, which saw the index scale a 12-year peak, were supported by port congestion, shipping constraints and an overall rebound in commodities, analysts said.
Strong rates across dry bulk vessel segments drove the Baltic Exchange's main sea freight index to their highest since 2009 on Thursday. * The overall index, which factors in rates for capesize, panamax, supramax and handysize vessels, rose 91 points, or 2%, to 4,651, to hit its near 12-year peak.
The Baltic Exchange's main dry bulk sea freight index rose for a third straight session on Tuesday, hitting a near 12-year high, driven by higher rates across vessel segments. * The overall index, which factors in rates for capesize, panamax, supramax and handysize vessels, rose 106 points, or 2.5%, to 4,410, its highest since Nov. 2009.
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The Baltic Exchange's main dry bulk sea freight index rose to a 12-year high on Monday, driven by higher rates across vessel segments. * The overall index, which factors in rates for capesize, panamax, supramax and handysize vessels, rose 29 points at 4,304, its highest since Nov. 24, 2009.
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.
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.
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.
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.
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.
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