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Baltic Dry Index closes in on all time low

The Baltic Dry Index (BDI) lost nearly another 3% on Monday to plunge below the 600 points barrier and is closing in on an all time low.

Marcus Hand, Editor

February 3, 2015

1 Min Read
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The BDI closed at 590 points on Monday have shed 2.96% from its Friday close of 608 points.

If the level of decline continues at its current rate it could hit an all time low by Friday 6 February Dimitris Belbas, managing director, head of ship finance noted at Mare Forum Singapore 2015 on Tuesday.

The all time low of the BDI was hit 29 years ago on 6 August when it dropped to 554 points. The Index would only need to shed another 36 points from yesterday's close to drop to this level.

About the Author

Marcus Hand

Editor

Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with over two decades of experience covering the shipping industry in Asia.

Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Before joining Seatrade at the beginning of 2010, Marcus worked for the shipping industry journal Lloyd's List for a decade and before that the Singapore Business Times covering shipping and aviation.

In November 2022, Marcus was announced as a member of the Board of Advisors to the Singapore Journal of Maritime Talent and Technology (SJMTT) to help bring together thought leadership around the key areas of talent and technology.

Marcus is the founder of the Seatrade Maritime Podcast that delivers commentary, opinions and conversations on shipping's most important topics.

Conferences & Webinars

Marcus Hand regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars.

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