BDI is at 1279 on 12 Jan 2018
Baltic Dry Index on 19 October 2017 was at 1582 , indicating that dry bulk owners were in the money.
Cape Size Index was at 3186 , with cape size tonnage averaging USD 22,000/- day
BY DISCOVERY NEWS
Killer whales have been shown to be affected by the noise from boats in their vicinity. The vessels' sounds harm the animals' ability to communicate with each other and to find food. Now it's been asserted that it's less the size of the boat causing the sounds than it is the speed at which it is moving.
Freight rates for container shipping are expected to experience a further fall in 2016 as the supply-demand imbalance continues widening resulting in more losses for boxship owners, according to shipping consultancy Drewry.... click on link above
Shipping industry still weighed down by overcapacity as per UNCTAD report in October 2017. The shipping demand is below the historical 3% average and lags behind supply keeping freight rates and earnings low in most segments
But as world seaborne trade continues to gather steam -- forecasts show a compound annual growth rate of 3.2 per cent between 2017 and 2022 -- the situation could improve relatively soon, if the industry can shed its excess weight.
This could be done, the report says, by building fewer ships, by scrapping more, or by increasing "capacity sharing" -- essentially the pooling of cargo among carriers to improve economies of scale and reduce operating costs.
Adm Zukunft of USCG to Congress: "We detain 2-3 ships every day because they are not in compliance even though the flag state claims they are"
China's giant COSCO after its takeover of Hong Kong' s OOCL it very likely that Cosco may emerge as the largest container shipping company in the world in not too distant a future.
More updated info on maritime accidents can be found here: Maritime News Room