Tuesday opens with bunkers the freshest data point on the board. Singapore, Rotterdam and Fujairah all settled Monday, 21 September, and posted broad-based declines across VLSFO and MGO. The Baltic Exchange’s own index prints, by contrast, still carry Friday’s (18

Continue ReadingBunkers Extend Their Decline as Brent Rebounds 1.75% and the Baltic Print Stays Stuck at Friday’s Close

Monday opens with the same closing prints the market carried into the weekend: dry bulk indices and bunker prices do not trade Saturday or Sunday, so the numbers on the board are still the Baltic Exchange’s Friday (18 September) close

Continue ReadingCapesize Holds Above $52,000 as Panama Bottlenecks Add Ton-Mile Support Into the New Week

Dry bulk indices and bunker prices do not print over the weekend, so Sunday’s picture is still built on the last confirmed closes: the Baltic Exchange’s Thursday (17 September) print and Friday’s (18 September) bunker settlements in Singapore, Rotterdam and

Continue ReadingBaltic Holds Thursday’s Highs as Hormuz Risk Keeps Brent and MGO Premiums Elevated Into the New Week

Friday’s close in Singapore and Fujairah told two different stories about the bunker market. Residual fuel eased across all three of the hubs Marcenta tracks most closely, while distillate costs pushed the other way, and that divergence is starting to

Continue ReadingCapesize Firms Near $51,000 as Middle East MGO Premium Widens Past $700

The Baltic Dry Index closed Thursday, 17 September, at 3,336, up 9 points on the day, according to handybulk.com’s daily Baltic Dry Index series. The move was carried entirely by the larger segments: the Baltic Capesize Index (BCI) added 44

Continue ReadingCapesize Climbs, Panamax Slips, and the Hormuz Risk Premium Won’t Go Away

The headline Capesize index eased again this week (BCI 5,612, down 1.3% day on day and off the five-year high hit in early September), but the two benchmark voyage routes tell a more nuanced story. Per the Baltic Exchange’s own

Continue ReadingCapesize’s C3 Holds Near $41 While C5 Slips Under $18 as Bunker Costs Keep Climbing