The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for the ninth consecutive session on Friday, weighed down by lower rates for larger vessel segments. The overall index fell 25 points, or 2.2 percent, to 1,109. The index registered a weekly decline of about 7 percent.
|Two weeks ago||1830||1494||895|
|Spot time charter||$ 13,285day||$ 9,541/day||$ 9,457/day|
|Two weeks ago||$ 13,369/day||$ 11,982/day||$ 9,785/day|
|Two weeks ago||2173||1427||886|
|Spot time charter||$ 13,369day||$ 11,982/day||$ 9,785/day|
|Two weeks ago||$ 15,570/day||$ 11,443/day||$ 9,062/day|
Values for dry bulk carriers are now rising exponentially, as demand is growing among ship owners, encouraged by the market’s recovery since the start of 2017. Dry bulk ship values are up by 20 per cent in just 30 days.
|One week ago||2597||1374||881|
|Spot time charter||$ 15,570day||$ 11,443/day||$ 9,062/day|
|One week ago||$ 18,864/day||$ 11,025/day||$ 9,214/day|
|One week ago||2482||1218||896|
|Spot time charter||$ 18,864/day||$ 11,025/day||$ 9,214/day|
|One week ago||$ 18,078/day||$ 9,786/day||$ 9,369/day|
|One week ago||2413||1108||879|
|Spot time charter||$ 18,078/day||$ 9,786/day||$ 9,369/day|
|One week ago||$ 17,763/day||$ 8,914/day||$ 9,193/day|
|One week ago||1789||1211||874|
|Spot time charter||$ 17,763/day||$ 8,914/day||$ 9,193/day|
|One week ago||$ 13,231/day||$ 9,728/day||$ 9,142/day|
The dry bulk industry’s main benchmark has been staging a significant comeback during the past few weeks, demand for second hand bulkers has increased accordingly. However, many are remaining cautiously optimistic about continued improvements. According to Allied’s George Lazaridis, Head of Market Research & Asset Valuations, prices for many of the main industrial commodities such as iron ore and coal have continued to climb as demand holds firm, while even steel, a commodity which has more than any other felt the pressure from the supply glut, has managed to show a favourable face this year.
|One week ago||1097||1084||840|
|Spot time charter||$ 13,231/day||$ 9,728/day||$ 9,142/day|
|One week ago||$ 8,571/day||$ 8,711/day||$ 8,785/day|
|One week ago||1165||947||809|
|Spot time charter||$ 8,571/day||$ 8,711/day||$ 8,785/day|
|One week ago||$ 9,358/day||$ 7,613/day||$ 8,461/day|
Transpacific dry bulk trades are starting to push the freight market to new heights recently. Chinese exports showed a year-on-year rise for the first time in ten months, while South Korea has been showing increased figures in exports for the past three months in a row.
|One week ago||739||917||729|
|Spot time charter||$ 9,358/day||$ 7,613/day||$ 8,461/day|
|One week ago||$ 6,130/day||$ 7,359/day||$ 7,622/day|
As some are expecting the dry bulk market to be in for a rebound, the demand for second hand bulkers is intensifying.
|One week ago||687||943||672|
|Spot time charter||$ 6,130/day||$ 7,359/day||$ 7,622/day|
|One week ago||$ 5,363/day||$ 7,556/day||$ 7,022/day|
|One week ago||981||922||667|
|Spot time charter||$ 5,363/day||$ 7,556/day||$ 7,022/day|
|One week ago||$ 7,381/day||$ 7,374/day||$ 6,978/day|
Today the Baltic Dry Index feel 18 points reaching 752 points. Freight rates for large capesize dry cargo vessels on key Asian routes are likely to hold around the current levels next week on ample tonnage supply even as chartering activity is likely to increase following the end of the Chinese New Year holidays.
|One week ago||1239||968||692|
|Spot time charter||$ 7,381/day||$ 7,374/day||$ 6,978/day|
|One week ago||$ 8,987/day||$ 7,743/day||$ 7,233/day|
|One week ago||1610||970||718|
|Spot time charter||$ 8,987/day||$ 7,7343/day||$ 7,233/day|
|One week ago||$ 11,915/day||$ 7,743/day||$ 7,513/day|
|One week ago||1383||1042||739|
|Spot time charter||$ 11,915/day||$ 7,743/day||$ 7,513/day|
|One week ago||$ 10,343/day||$ 8,312/day||$ 7,729/day|
|One week ago||1759||837||795|
|Spot time charter||$ 10,343/day||$ 8,312/day||$ 7,729/day|
|One week ago||$ 13,176/day||$ 6,692/day||$ 8,310/day|
Containers: Container shipping spot rates hit a 20-month high this week on the major east-west liner trades and have risen above the average of the past five years, according to Drewry Shipping Consultants.The spot rate for shipping a 40-foot container from Asia to the United States jumped from the prior week, strengthening into a three-week rally as carriers keep capacity tight and importers restock ahead of factory slowdown two weeks away. Spot rates to both coasts are now more than 35 percent higher.
|Two weeks ago||1385||852||903|
|Spot time charter||$ 13,176/day||$ 6,692/day||$ 8,310/day|
|Two weeks ago||$ 10,078/day||$ 6,826/day||$ 9,445/day|
Containers: Container shipping spot rates hit a 20-month high this week on the major east-west liner trades and have risen above the average of the past five years, according to Drewry Shipping Consultants. At the end of 2016 the spot rates were up more than 20 percent over last year in the trans-pacific trade.
The Baltic Dry Index closed the year in a much stronger position, thanks to a recovery in the capesize sector, which saw healthy volumes of iron ore from Brazil to China resume. However, ass the year comes to a close the Cape market continues to slow down due to excess tonnage and limited stems in the East despite a more positive Atlantic fronthaul market. The Panamax market has been difficult with charterers willing to wait for more favourable rate conditions before committing to vessels. Supramax are experiencing a more active finish to the year in Asia with some charterers favouring period commitments particularly in the Pacific.
|One week ago||1048||1126||960|
|Spot time charter||$ 10,078/day||$ 6,826/day||$ 9,445/day|
|One week ago||$ 6,729/day||$ 8,994/day||$ 10,034/day|