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China concerns push BDI close to all time lowChina concerns push BDI close to all time low

The dry bulk market started the year with a fall in the Baltic Dry Index (BDI) to close to its all time low.

Marcus Hand, Editor

January 5, 2016

1 Min Read
Kalyakan - stock.adobe.com

The BDI lost five points on Monday to close at 473 points as dry bulk markets were hit by concerns over the Chinese economy with the Shanghai stock market plunging 7% yesterday.

The latest fall in the BDI sees it just two points above its all time low of 471 points registered in mid-December.

Average spot TC rates for a capesize were down $154 at $4,811 per day. The last week has seen major listed dry bulk owners Star Bulk Carriers and Scorpio Bulkers offloading capesizes including newbuildings due for delivery in the first half of 2016.

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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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