Baltic Exchange dry bulk freight index. BADI Thursday, but further declines were flat due to the rebound in Capesize Panamax freight.
Baltic Dry Index was unchanged from the level of 916 points on Wednesday The index measures the cost of transport of iron ore, cement, grain, coal and fertilizer, and other resources.
Baltic's capesize index rose 1% to 2119 points. BACI Capesize average daily profit increase 140-13685 U.S. dollars ended six consecutive decline. The capesize usually carrying capacity is 15 million tonnes of cargo iron ore and coal.
Iron ore prices rose more than three-month high of dealers on Thursday raised the price of iron ore sold to China cargo to maintain a gradual trend of higher iron ore prices in the case of steel demand roughly steady.
Iron ore accounted for about one-third of the Capesize traffic broker said its price trend is still an important factor to affect the dry bulk shipping prices.
The Baltic Panamax freight index. BPNI down 1.49%, the average daily profit of the vessels and reduce 84-5820 U.S. dollars. Ship of the type usually carrying amount to 6-7 million tons of main cargo is coal and grain.
Atlantic shipping market is very bad cause freight index fell "specifically written shipping blog post Andy Jamison said his own shipping website Virtual Shipbroker.
Jamison also added that the medium-term outlook is not very good because the United States and the Black Sea region reduced crop yield estimates.
The average daily profit of Handymax and Supramax vessels down to 6045 and $ 6735 respectively.