Shipping & logistics

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Baltic Index down on lack of demand

Capesize index remains unchanged.

 

   

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Mississippi okays purchase of port facility

Port of Gulfport has acquired Huntington Ingalls Gulfport.

 

   

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India moves to develop coastal shipping

Government readies incentives for coastal transport.

 

   

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Asian dry bulk rates seen flat

Numbers unlikely to improve even as capacity glut eases.

 

   

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New bulker orders declined in February

Supply glut slashes industry orders for the period.

   

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Banks trying to manage slower bulk market

Few solutions seen as supply glut continues to bite.

   

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Australia lowers outlook for iron ore prices

Rising shipments are increasing a global glut, threatening prices.

 

   

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Iron ore prices slide anew

Global surplus adds to fears of demand slowdown.

 

   

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Suezmax rates decline

Daily decline noted at 10%.

 

   

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Baltic Index edges higher

Higher rates across all vessel segments noted last Friday.

   

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