panamax Archives | Alberta Farmer Express

A freighter is loaded with grain from a terminal at Vancouver’s Burrard Inlet. (Maxvis/iStock/Getty Images)

Ocean freight rate index moving higher

MarketsFarm — Ocean freight rates have shown steady gains over the past month, rising to some of their highest levels of 2020 as world economies show signs of recovery amid the COVID-19 pandemic. The Baltic Dry Index (BDI), a major indicator of shipping rates, has moved higher for 12 straight sessions, hitting 973 points on […] Read more

Crops, Markets

Virus fears weigh on global shipping sector

By MarketsFarm Team, GFM Network News February 4, 2020

MarketsFarm — Global shipping rates continue to decline, hitting record lows in some cases, amid declining demand and concerns over the coronavirus outbreak in China. The Baltic Dry Index (BDI), compiled by the London-based Baltic Exchange, provides an assessment of the price of moving major raw materials by sea. The BDI has fallen for 13 […] Read more

Crops, Markets

Ocean freight index hits five-and-a-half year highs

By Phil Franz-Warkentin - MarketsFarm July 16, 2019

MarketsFarm — The Baltic Dry Index (BDI) has steadily increased over the past few months, hitting its highest levels in five-and-a-half years. The BDI settled Tuesday at 2,011 points, the highest level for the ocean freight rate indicator since January 2014. The BDI has been on a steady uptrend since hitting a two-and-a-half year low […] Read more

Crops, Machinery & Shop, Markets, Reuters

Smaller vessels bump up ocean freight index

By Reuters February 19, 2016

Reuters — The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, marginally rose on Friday on improved rates for smaller vessels. The overall Baltic Dry Index (BDI), which gauges the cost of shipping resources including iron ore, cement, grain, coal and fertilizer, rose for the sixth consecutive session by […] Read more

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GFM Network News

Canada to lift more border restrictions in weeks to come, Trudeau says

ICE weekly outlook: Weather, carryout support canola

U.S. grains: Wheat rallies on Plains weather concerns

Tag Archives panamax

Ocean freight rate index moving higher

Virus fears weigh on global shipping sector

Ocean freight index hits five-and-a-half year highs

Smaller vessels bump up ocean freight index

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