A potential record US harvest could help buoy rates for small to mid-size ship rates. What was a relatively mild and wet spring and summer has created conditions for what is setting up to be one of the nation’s biggest harvests. The U.S. Department of Agriculture is projecting a total corn crop of 12.954bn bushels, […]
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Baltic Exchange
Lloyds List, a leading maritime and transport news terminal, reported the results of the first major shipping industry sentiment survey since the beginning of the economic downturn that was conducted by Norton Rose. The survey “has painted a bleak picture of the sector with the vast majority of companies predicting that economic conditions will get […]
The Baltic Exchange’s Baltic Dry Index (BDI) rose by 0.6% today, reaching its highest level since 8/24. But, these gains have come on continued weakness in the Capesize sector where rates have fallen for eight consecutive days, losing an additional 2.1% this morning. Rates on smaller vessels, especially panamax, have fared much better over recent […]