Baltic Dry Index tumbles to new all time low of 467 points : Shipping news!
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Azimuth Lines Inc. - Total Logistics Solutions




Welcome
Welcome to Azimuth Lines:  We are a FMC licensed OTI / Freight Forwarder based in New Jersey close to the port of New York on the eastern seaboard of the US.  If you are looking for high quality and personal service, you have come to the right place.  We handle commercial shipments for our clients, both by sea and air from the US to all parts of the world and back.  We also offer international moving, corporate and individual relocation services from the US to all parts of the world.  Our professional staff and global network of international agents are fully equipped to handle all your shipping needs.

Why choose us:  At Azimuth Lines, we are committed to make your shipping experience as smooth and efficient as possible.  We recognize that each of your needs are unique and strive to provide you with tailor made solutions to meet all of your logistical needs.  We have established contracts with major steamship lines and are able to offer you a choice of carrier options as well as competitive rates, weekly services and fast transit times.









Our Services
Freight Forwarding (both by Air & Sea)
Consolidation/De-consolidation (both by Air & Sea)
Custom Clearance for Imports as well as exports
Warehousing, Transportation & Distribution Services
Hazardous Chemical Transport
Oversize & Project Cargo Handling
Relocation Services - Corporate & Individual
Complete End to End supply chain solutions
FMC Registration # 023964NF

Baltic Dry Index tumbles to new all time low of 467 points

by Azimuth Support Team on 01/06/16

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying industrial commodities, slumped to an all-time low on Tuesday 1/5/16, as worries over demand from top importer China and huge oversupply of vessels battered sentiment.

The overall index, which gauges the cost of shipping dry bulk cargoes including iron ore, cement, grain, coal and fertilizer, was down 5 points, or 1.06 percent, at 467 points, the lowest in records that date back to January 1985.
The dry bulk shipping downturn began in 2008, after the onset of the financial crisis, and has worsened significantly in recent months as the Chinese economy has slowed, meaning less appetite for iron ore, coal and other commodities.

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