China’s new low-sulphur fuel oil (LSFO) futures contract made strong gains in its debut trade on Monday, rising as much as 16.7% on the Shanghai International Energy Exchange (INE).The front-month January contract, with a listing price of 2,368 yuan per tonne, later pared gains to close 9.8% higher at 2,599 yuan ($367.35) per tonne at the close of afternoon trade.
Shares of U.S. cruise operators sunk on Thursday after the Grand Princess ocean liner, owned by Carnival Corp, was barred from returning to its home portof San Francisco on coronavirus fears after at least 20 people aboard fell ill.Shares of Carnival, Norwegian Cruise Line Holdings and Royal Caribbean Cruises fell between 9% and 12% amid a broader sell-off in U.S. stock markets.
Seaspan Shipyards has announced the appointment of Amy MacLeod as the organization’s new Vice President, Corporate Affairs & External Communications. Based in Ottawa, MacLeod will be responsible for developing, managing and maintaining strategic public relations and external communications plans and tactics to support Seaspan Shipyards’ business and marketing objectives.
The Baltic Exchange's main sea freight index rose for a second consecutive session on Tuesday, buoyed by stronger rates for capesize vessels.The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize, panamax and supramax vessels, was up seven points, or 0.5%, at 1,289 points.The capesize index gained 24 points, or 1.
The Baltic Exchange's main sea freight index fell on Wednesday, weighed by capesize rates hitting their lowest level in nearly a month and lower earnings at the panamax segment.The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize, panamax and supramax vessels, fell 46 points, or about 2.6%, to 1,696.
The Baltic Exchange's main sea freight index fell on Tuesday weighed by falling rates for capesize vessels, while the panamax segment was flat following eight straight sessions of gains.The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize, panamax and supramax vessels, fell 50 points, or about 2.8%, to 1,742.
The Baltic Exchange's main sea freight index dropped for the 13th consecutive session on Tuesday as waning demand across vessels and the coronavirus outbreak dampened sentiment.The Baltic index, which tracks rates for capesize, panamax and supramax vessels to ferry dry bulk commodities, fell 13 points, or 2.8%, to 453.The capesize index decreased 31 points to a negative 133, a fresh all-time low.
The Baltic Exchange's main sea freight index fell for the 12th straight session on Monday, weighed down by falling demand across segments amid muted vessel activity in China due to the coronavirus outbreak.The Baltic index, which tracks rates for capesize, panamax and supramax vessels to ferry dry bulk commodities, fell 21 points, or 4.3%, to 466.
The Baltic Exchange's main sea freight index fell on Friday, with rates for the capesize segment slipping into the negative for the first time ever on lower demand and as the coronavirus outbreak muted activity.The Baltic index, which tracks rates for capesize, panamax and supramax vessels to ferry dry bulk commodities, fell 11 points, or 2.2%, to 487 — its lowest level since April 2016.
The Baltic Exchange's main sea freight index touched its lowest level in eight months on Friday, weighed down by weak demand across all vessel segments.* The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, fell 69 points, or 7%, to 907 points, its lowest level since end-April 2019.
The Baltic Exchange's main sea freight index fell for a ninth-straight session on Monday, as the capesize index hit its lowest level in nearly six months.* The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, dropped 40 points, or 3%, to 1,315, its lowest since Nov. 22.* The capesize index slid 121 points, or 4.
The Baltic Exchange's main sea freight index fell on Friday weighed by weaker capesize demand, but the index ended the week up 2% on higher rates across the panamax and supramax segments.* The Baltic index, which reflects rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, dropped by 17 points, or 1.1%, to 1,558 points, its lowest since Nov. 29.