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Federal Reserve Chairman Powell: Focus on distinguishing signals from noise.

2025-03-20

Federal Reserve Chairman Powell: Focus on distinguishing signals from noise.

Other News
2025-03-19

U.S. Energy Information Administration (EIA): U.S. East Coast refinery utilization fell to the lowest level since July 2020 in the latest week.

U.S. Energy Information Administration (EIA): U.S. East Coast refinery utilization fell to the lowest level since July 2020 in the latest week.
2025-03-19

[Baltic Dry Index falls for the third day in a row] According to foreign media reports, the Baltic Dry Index fell for the third day in a row due to weak demand for capesize and panamax ships. The Baltic Dry Index fell 13 points to 1637 points. The Ca

[Baltic Dry Index falls for the third day in a row] According to foreign media reports, the Baltic Dry Index fell for the third day in a row due to weak demand for capesize and panamax ships. The Baltic Dry Index fell 13 points to 1637 points. The Capesize Index fell 41 points to 2673 points, the lowest since March 12. The average daily profit of Capesize ships fell by $337 to $22,170. Filipe Gouveia, shipping analysis manager at BIMCO, said the Baltic Index "seems to have weakened compared to last week due to the weak capesize market." Gouveia said: "Forward freight agreements currently indicate that the market expects capesize freight rates to remain around current levels in the short term, but will strengthen further from May." The Panamax Index fell 28 points to 1377 points, ending eight consecutive days of gains. Average daily earnings for Panamax vessels fell by $247 to $12,396. The ultra-flexible bulk carrier freight index fell 22 points to 999 points, a four-month high. The handysize ship freight index rose 6 points to 584 points.
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