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Warning of explosive incidents that could occur with shipment of aluminium dross in bulk containers.
Strong data from China support Capesize bulkers the most, as general market conditions slowly improve
In yet another turn of extraordinary events, the Baltic Dry Index (BDI) is now hovering around the lowest level in at least 20 years.
IACS has revised Recommendation 46 "BULK CARRIERS– Guidance and Information on Bulk Cargo Loading and Discharging to Reduce the Likelihood of Over-stressing the Hull Structure" in July 2018.
The summer lull in the freight market is soon to be over as we enter into the seasonally-stronger final five months of the year. Hopefully, this will bring around higher earnings, but the outlook is unlikely to support a joyride similar to that of last year. The Baltic Dry Index (BDI) currently stands at 843 (August 6), a level which is 53% below the average of the final five months of 2011.
Fleet growth expected to outstrip demand growth in 2019 and 2020, making the near future look unappealing.
The shipping number of the week provides numbers with a brief analysis of relevant developments in the shipping markets.
