Baltic Dry Index Falls to Lowest Level Since January

The Baltic Exchange's main sea freight index fell for the third straight session on Monday as rates for Capesize vessels declined to their lowest in more than six months.

Dry bulk S&P splits in two

Vultures are closely watching the S&P bulk market as it is oversupplied with vintage candidates and softening dry cargo rates. While capes and Kamasarmaxes have had to adjust their asking prices, sellers of smaller tonnage sizes are still achieving record high numbers with Supramax and handysize tonnage still climbing.

Transworld takes fleet to 26 with d'Amico handy purchase

Transworld Group has bought 36,699 DWT bulk carrier Cielo Di Capalbio from Italy’s d'Amico Dry for $15.9m and renamed it TBC Praise. The ship – its third bulker purchase this year – takes the Transworld fleet to 26 ships.
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