Baltic Exchange Weekly Report - 17 April 2026
THE BALTIC Dry Index (BDI) closed at 2567 points for 17 April 2026, up from the 27 March's figure of 2201. Capesize The market delivered a firm performance over the week, building...
Regulatory doubts see Pacific Basin change course
HONG Kong-listed minor-bulk specialist Pacific Basin Shipping has simplified some orders for newbuildings by abandoning dual-fuel specifications in light of uncertainty...
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Farmers get a boost from Indonesian fertiliser deal
A COMMERCIAL deal between Incitec Pivot Fertilisers and PT Pupuk Indonesia is to see a quarter of a million tonnes of additional agricultural grade urea shipped to Australia. The...
Baltic Exchange Weekly Report - 10 April 2026
THE BALTIC Dry Index (BDI) closed at 2201 points for 10 April 2026, up from the 27 March's figure of 2031. Capesize The market resumed after the Easter break with renewed...
AMSA expels another over underpayments
THE AUSTRALIAN Maritime Safety Authority has imposed another six-month ban on a bulk carrier in local waters after discovering the crew had been unpaid for seven months. The...
OPINION: Twin shipping chokepoint crisis threatens Australian trade
It has been more than a month since the effective closure of the Strait of Hormuz, which carries about 20% of global oil and gas. Global energy supply chain needs have been...
Thompson adds handysize bulk carrier
FREMANTLE-based Thompson Shipping Lines has added a handysize bulk carrier to its fleet. The subsidiary of Thompson Shipping Group has acquired the Japanese-built 35,947 DWT...
Industry relief at ceasefire reports
A REPORTED ceasefire between Iran and the US/Israel alliance is set to bring benefits for both seafarers and global trade, industry figures say. The ceasefire agreement was...
Quartz mine approval means Townsville port bonus
THE QUEENSLAND Government has declared the Sugarbag Hill Ultra High Purity Quartz Sand Project ‘prescribed’, enabling fast-track delivery. The $515 million project is expected to...
New NZ diesel storage – but where are the tankers?
THE NEW Zealand Government has put NZ$20+ million towards a boost in the nation’s diesel storage capacity but the maritime union is worried there are no longer local tankers to...
Alcoa shifts alumina exports from Middle East to China
THE FOUR million tonnes of Alumina that Alcoa usually sends from its West Australian mines to Middle East refineries have come to a halt because of the closure of the Strait of...
Newcastle sets diversified trade record
A RECORD result for non-coal at Newcastle highlights the strength of the port’s diversification strategy, chief executive Craig Carmody says. Port of Newcastle reported more than...
The waves beneath the wings
NORWAY’s Grieg Maritime Group, partner with Gearbulk in G2Ocean, has signed a contract with GT Wings to install at least two of their AirWing™20 Jet Sails on their fleet. Grieg...
Baltic Exchange Weekly Report - 26 March 2026
AFTER a series of small increases, the Baltic Dry Index (BDI) dipped slightly, closing at 2031 points for 27 March 2026, down from the previous period's figure of 2056. Capesize...
Procuring oil on troubled waters
FEDERAL government advice that six ‘lost’ April fuel import shipments have been replaced, and a further three contracted from the USA, will provide some soothing of nerves in the...
