On June 13, Anji Logistics, the logistics arm of SAIC Motor, officially named and delivered its 36th self-operated roll-on/roll-off (ro-ro) vessel, Anji Soundness, built by Jinling Shipyard, China Mer...

[Baltic Dry Index Hits One-Week High] The Baltic Dry Index rose to a more than one-week high, driven by higher rates for Capesize vessels. The Baltic Dry Index increased by 38 points, or 3%, to 1,305 points, the highest since May 8. The Capesize Index rose by 123 points, or 7.46%, to 1,771 points. The daily average earnings for Capesize vessels increased by $1,021 to $14,691. The Panamax Index fell by 8 points, or 0.6%, to 1,287 points, the lowest since April 17. The daily average earnings for Panamax vessels decreased by $69 to $11,585. The Supramax Index fell by 2 points to 975 points.

[Baltic Dry Index Ends Four-Day Losing Streak] The Baltic Dry Index (BDI) rose on Monday, ending a four-day losing streak, driven by gains in the Capesize and Supramax vessel markets. The BDI increased by 5 points, or 0.38%, to close at 1,304 points, the highest since May 8. The Capesize Index rose by 22 points, or 1.29%, to 1,731 points. The daily average earnings for Capesize vessels increased by $185 to $14,354. The Panamax Index fell by 11 points, or 0.81%, to 1,342 points, the lowest since April 23. The daily average earnings for Panamax vessels decreased by $98 to $12,075. The Supramax Index rose by 1 point to 970 points. The Handysize Index remained unchanged at 554 points.

【BDI Continues to Fall】 The Baltic Dry Index (used to measure freight rates for ships carrying dry bulk commodities) fell on Wednesday, as the decline in Capesize rates overshadowed gains in Panamax and Supramax rates. The main index tracking Capesize, Panamax, and Supramax rates fell 32 points to 1,374. The Baltic Capesize Index dropped 102 points to 1,935. The average daily earnings for Capesize vessels decreased by $847 to $16,050. Meanwhile, the Baltic Panamax Index rose 2 points to 1,362. Panamax vessels, which typically carry 60,000-70,000 mt of coal or grain, saw their average daily earnings increase by $19 to $12,257. Among smaller vessels, the Supramax Index rose 4 points to 961.

According to shipbroker Arrow, the surge in bauxite demand in China has resulted in capesize fleet carrying more bauxite than coal for the first time. The capesize vessels are traditionally used for coal shipments, but now, due to increased demand for the ore in the Chinese market, they are being repurposed to carry larger volumes of bauxite.

From January to October 2023, the EU's iron ore imports fell again by 11.2% YoY to 60.3 million mt.

The Baltic Dry Index rose to a two-week high on Thursday as the Baltic Capesize Index rose.

The Baltic Dry Index fell on Tuesday as the Baltic Capesize Index hit a nearly six-month low, offsetting the impact of a rise in the Baltic Panamax Index.

The Baltic Dry Index rose to its highest level since late June on Tuesday as Capesize rates halted a five-day losing streak and Panamax rates extended gains.

The Baltic Dry Index fell on Tuesday, ending its three consecutive gains before.