Bulkers

Growing global demand for commodities and an extremely low newbuild activity between 2019 and 2022 have set the stage for bullish growth in the bulker market in the coming years, according to Oslo-based DNV. The world’s leading classification society and a recognized advisor for the maritime industry says bulker owners are taking advantage of these favourable market conditions and starting to invest. According

The Baltic Exchange’s dry bulk index rose 5.7% to 1,503 on Tuesday (Feb. 8), its highest since January 19th, amid strong demand across all its vessels segments. The index, which provides a benchmark for the price of moving the major raw materials by sea, is issued daily by the London-based Baltic Exchange and is a composite of three sub-indices that measure different sizes of

The Baltic Exchange Dry Index dropped 4.3% to 2,769 on Thursday (Nov. 4), its lowest level in five months. The index which provides a benchmark for the price of moving the major raw materials by sea, extended losses for the 11th straight session, dragged by weaker rates across its vessel segments as demand wanes. The Baltic Dry Index (BDI) issued daily by

It was a very vibrant week for dry bulk second hand carriers with many deals being reported amid intense interest from buyers, according to Allied Shipbroking. The shipbroker in its latest weekly report, said it witnessed several deals emerging last week with focus being spread across different size and age classes, depicting the overall bullish sentiment in the segment. “On the back

NYSE-listed Navios Maritime Partners L.P., an international owner and operator of dry cargo vessels, on April 29 reported its financial results for the first quarter ended 2021. Angeliki Frangou, Chairman and Chief Executive Officer of Navios Partners stated: “I am pleased with the results for the first quarter of 2021. During the first quarter, total revenue of Navios Partners and Navios Containers,