Baltic Dry Index drops to four-month low of 1,096 points as sentiment for the global economy weakens. Panamaxes lead fall as spot vessels struggle to find employment, followed by supramaxes and handysizes. Dry bulk markets are expected to remain weak until after the Chinese New Year.
SERVICES
EastGate provides Shipbroking services covering all aspects of the Dry Bulk space, including Chartering, Projects and S&P. Based in Athens, it has set routes in one of the largest shipowning nations in the world and has managed to become a gate which connects the Greek shipping fraternity with international players. Our diversified clientele relies on our international experience and accountability and trusts our driven team with its portfolio.
Our strong ties within the shipping community worldwide have shaped the Company’s character to an exotic blend of East and West.
We operate round the clock to offer first class service and worldwide coverage. We adopt traditional Shipbroking practices enriched with entrepreneurial acumen.
the world's
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RESEARCH
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RESEARCH
Our market analyses consider the multi-polar scenery of the shipping industry and produce sophisticated insights. Our clients receive independent, up-to-date, continuous market intellect which complements their commercial decision-making.
We add value to our partners by accommodating access to top-tier companies from across the globe, while at the same time we provide a spherical view of the dry bulk shipping and commodities markets, international regulations, political developments and every element of the seaborne trade matrix.
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We at EastGate are strong believers of giving back to the society; we feel that modern enterprises must acknowledge their responsibility towards the society they operate in. Therefore, we regularly support causes which are close to our hearts and by that we hope to be a bright example of shipping contributing to the society.
We consider it our duty to sustain an equilibrium between advanced corporate goals and social responsibility. We recognise the primacy of business growth and progression being aligned with social solidarity. We take pride in giving back.
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PRESS
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Dry Bulk Market: Summertime Sadness
No doubt the summer that sadly has come to an end was disappointing for most dry bulk shipowners that saw their daily earnings dropping steeply and witnessed the BDI at 2-year lows.
Shipping’s China syndrome: Demand sinks across multiple cargo markets
Container export growth drops; imports of crude, iron ore, LNG under pressure
Cape depression likened to 2008’s plunge
From peak to trough, the current downturn in the capesize index has been described by analysts at brokers Arrow as one of the sharpest since 2008, the year big bulkers went from six-digit territory to loss-making in the wake of the collapse of the bank, Lehman Brothers.
Panamax bulker rates gain 6.5% in a day as rest of dry bulk shipping falls back
The panamax bulker market had a good day on Tuesday thanks to supply constraints and grain expectations out of the Americas, while the rest of dry bulk shipping lost some ground.
Baltic sea freight index falls on lower capesize rates
The Baltic Exchange's main sea freight index snapped a three-session long streak of gains on Tuesday, due to a fall in capesize and supramax rates.
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