An uptrend likely in dry bulk freight rates in the near term
Baltic dry index

An uptrend likely in dry bulk freight rates in the near term

*Several shipping lines have announced rate increases from May 1st *BDI gained to 1,537 its highest in three weeks The Baltic dry index (BDI) and Shanghai Containerised F ....

BDI PLUNGED 83% FROM A HIGH OF 5,650 MARKED IN OCTOBER 2021
Baltic dry index

BDI PLUNGED 83% FROM A HIGH OF 5,650 MARKED IN OCTOBER 2021

*China’s total cargo output was up by 3% yoy in 4Q22 The Baltic Dry Index (BDI) Index plunged over 82% from a high of 5,650, marked in October 2021 to the current value of 5 ....

CONTAINER RATES HAS FALLEN BY 72% BALTIC DRY INDEX LOWEST SINCE 4 SEPTEMBER
Baltic dry index

CONTAINER RATES HAS FALLEN BY 72% BALTIC DRY INDEX LOWEST SINCE 4 SEPTEMBER

*40-foot container down $2,591 from November 2021 peak of $10,377 *Spot rates have been on a downward slope across all bulker segments The Baltic Exchange's dry bulk sea fr ....

THE BALTIC DRY INDEX (BDI) PLUNGED OVER 82% LOWEST IN OVER 2 YEARS
Baltic dry index

THE BALTIC DRY INDEX (BDI) PLUNGED OVER 82% LOWEST IN OVER 2 YEARS

*Relentless fall in the BDI can be translated into a consistent demand hit for raw materials *A suppressed demand such as coal, iron ore, cement, grains, and many other commodit ....

BALTIC INDEX HITS LOWEST IN SIX WEEKS FELL FOR 12TH STRAIGHT SESSION
Baltic dry index

BALTIC INDEX HITS LOWEST IN SIX WEEKS FELL FOR 12TH STRAIGHT SESSION

*The index fell 12.8% over the week capesize index down 22.5% *World GDP is forecast at 3.3% for 2022, down from 5.8% in 2021 The Baltic Exchange’s dry bulk sea freight i ....