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Dry bulk freight plunge continues

The dry bulk freight market continued to crumble on Monday led by capesizes.

Marcus Hand, Editor

January 12, 2016

1 Min Read
Kalyakan - stock.adobe.com

Following its lowest week ever the Baltic Dry Index fell another 14 points on Monday to a new low of just 415 points.

The Baltic Capesize Index (BCI) lost 29 points to 420 and average spot TC rates fell $224 to $3,594. The Baltic Panamax Index (BPI) dipped 14 points to 420 with average spot TC rates of $3,361.

The Baltic Supramax Index (BSI) fared slightly better losing eight points to 422. Average spot TC rates for supramaxes are higher than either panamaxes or capesizes at $4,416.

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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