According to sources in London on August 27, Baltic Exchange dry bulk freight index rose Friday, after two consecutive days of declines, due to strong iron ore inquiry activities, pushing sentiment.

        But brokers said the market needs more robust iron ore shipping activities to maintain the gains.

        Friday Baltic Dry Index rose 0.33% or 9 points to 2712 points. Started to decline in the Wednesday before, the index rose 14 consecutive trading days. The index measures the iron ore, cement, grain, coal and transportation costs of fertilizers and other resources.

        Commodore Research senior analyst Jeffrey Landsberg said, "the relatively low number of dry bulk spot charter, especially early this week, so this week, demand for dry bulk freight rates are related to the pressure drag." 

        "However, capsize freight rates began to counterattack this weekend, because the Chinese iron ore demand is still strong."

        Brokers said that China imported iron ore from Australia and Brazil to promote the rental of boats increased level of activity. Before the second-largest iron ore producing region of India - Karnataka limit of 10 ports of export.

        Baltic Freight Index capsize (Baltics capesize index) rose 2.59% Friday, the average earnings rose to 33,745 U.S. dollars / day. 

        Landsberg said, "Although the overall charter activities this week, less active, but the port of freight congestion factors also help to maintain the relatively stable level."

        Baltic Dry Index has been volatile this year, and 2009 in the case, because of China's iron ore demand fluctuations.

        Dahlman Rose & Co said, "the fourth-quarter iron ore prices next week will be finalized, expected to bring iron ore freight upside momentum, due to the low prices will stimulate demand." 

        Baltic Panamax vessels (Baltics panamax index) Freight Index fell 1.55% Friday, the average daily profit fell to 23,935 U.S. dollars. Baltic Ultra Handymax Index (Baltics supramax index) fell 0.42%.

        Brokers said that as the Russian grain export restrictions and increase the level of activity the U.S. Gulf grain cargo, constitutes support for smaller vessels.

        Broker Braemar Seascope said, "Most charter in the past 12 months, select a short period of time Panamax ships to make up for the peak season because the U.S. Gulf grain exports supply gap caused by vessels, due to record crop this year." 

        "At the same time, Pakistan and China, floods in particular, that both increase in the number of seaborne imports."

        Wider view, 90% of global trading of goods by sea transport, so brokers and analysts said the pace of global economic recovery, concerns or would hurt shipping markets.

        U.S. Federal Reserve Board (FED Fed) Chairman Ben Bernanke said Friday, the degree of weakening of economic recovery than expected, the Fed prepared when necessary to take further measures to boost the stalled economy.

        Bernanke at the Fed meeting a prepared speech that said, if there is need, especially if significant deterioration in economic outlook, the Committee prepared through non-traditional measures to provide further monetary easing. 

        Analysts said that this year is expected to ship freight rates under pressure, as in 2010 and 2011 a large number of new vessels into the water, although there are indications that part of the vessel construction has been canceled and postponed. 

       Commodore of the Landsberg said, "If the spot chartering activity level of activity is still maintained at current levels next week, freight rates will decline."

       "In addition, dry bulk freight rates will continue to be the number of new ships delivered a steady increase of the pressure." (Asked condensate)