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03.09.26 - 21:51
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Baltic Dry Index Nears Breakout As "Perfect Storm" In Global Shipping Emerges (ZeroHedge)
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Baltic Dry Index Nears Breakout As "Perfect Storm" In Global Shipping Emerges
The daily benchmark measuring the cost of shipping raw materials across major global maritime routes is breaking out to a nearly three-year high this week, as Bloomberg reports that typhoons are squeezing the supply of Capesize vessels just as mining companies increase iron ore shipments across the Pacific and Atlantic.
The Baltic Dry Index, which tracks freight rates for several vessel classes, including Capesize, Panamax and Supramax vessels, jumped 5.5% to 3,331 points in London on Wednesday, its highest level since December 2023. The index is nearing a technical breakout as analysts at brokerage Thurlestone Shipping warn that a "perfect storm" is developing.
"We see the current surge as something of a perfect storm, with vessel supply tightening and demand firing in both basins at the same time," Thurlestone Shipping analysts said.
Maritime operations in the Pacific have been disrupt...
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03.09.26 - 11:24
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South African airline behind low-level flyby stunt cancels repeat display (The Guardian)
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Forecast of unfavourable weather cited as reasonAircraft passed less than 50 feet above stadiumSouth African airline Airlink has cancelled a planned flypast before Saturday's Springboks-All Blacks rugby test as the country's aviation regulator reviews a similar display conducted by the airline last week.Airlink said on Wednesday it had withdrawn its application for a formation flyby ahead of the Rugby Championship clash at Johannesburg's FNB Stadium, citing forecasts of unfavourable weather. The South African civil aviation authority (SACAA) is conducting a compliance verification of the airline's 29 August flypast over Cape Town's DHL Stadium. Continue reading......
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03.09.26 - 06:24
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Mitsui OSK CEO on Mideast Impact, Shipping Outlook (Bloomberg)
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Jotaro Tamura, President and CEO at Mitsui OSK Lines, discusses the latest business impact of the Middle East conflict and the outlook for the shipping industry. He speaks with Shery Ahn on Bloomberg: The Asia Trade. (Source: Bloomberg)...
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