Panamanian boat demand soars BDI to nearly 12-month high
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Data from the Baltic Exchange in London showed that BDI rose by 37 points yesterday, or 1.2%, to 2918 points, the highest level since June. The rental price of the Panamax vessel increased by 682 US dollars to 26,604 U.S. dollars per day. The highest increase was seen in the rents of various types of BDI vessels. Exchange data showed that the daily rent for the Capesize vessel fell by US$477 to US$39,503. The price of super-smart boat rentals increased by US$117 and the daily rent was US$21,015.
Russian Prime Minister Vladimir Putin said on September 2 that Russia’s embargo on grain and flour exports will continue until at least the next harvest season ends. In general, the harvest season in Russia ended in November. Putin's remarks indicated that the export embargo that was scheduled to be carried out from August 15 to December 31 is likely to be delayed until November 2011. 