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The Baltic Trade’s dry bulk sea freight index fell for the eighth straight session on Monday, with decrease dayrates throughout all vessel segments.
The Baltic Dry Index (BDIY:IND) closed -2.1% to 2,307 factors, with the capesize index -3.7% to 1,796, the panamax index -1.9% to three,015, and the supramax index -1.3% to 2,717.
Common each day earnings for capesizes, which usually transport 150K-ton cargoes corresponding to iron ore and coal, fell $564 to $14,896, whereas common each day earnings for panamaxes, which often carry coal or grain cargoes of 60K-70K metric tons, slid $525 to $27,135.
Related tickers embrace SBLK, DAC, NMM, GSL, GOGL, ATCO, SB, CMRE, EGLE, DSX, ESEA, MATX, OTCPK:AMKBY
Additionally, the Baltic Trade mentioned British individuals are “prohibited from broking, chartering and promoting vessels to individuals linked with Russia,” complicating the transport of the U.Okay.’s commodities by sea.
London is a significant international hub for shipbroking and historically is extensively concerned within the transportation of a variety of Russian commodities.
“Purchase Star Bulk for future dividends,” Searching for Alpha contributor William Meyers suggests, forecasting full-year 2022 dividends will are available at $5.00.
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