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Baltic Dry Index drops to new all time low

The Baltic Dry Index (BDI) fell to its lowest level ever on Wednesday dropping to 553 points.

Marcus Hand, Editor

February 12, 2015

1 Min Read
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The index’s previous all-time low was 554, which it hit on Monday this week and 6 August 1986.

The BDI had rallied slightly on Tuesday moving up to 556 points before falling back 0.54% on Wednesday.

The collapse in the dry bulk freight rates is being blamed on lower commodity prices, reduced demand and an oversupply of ships.

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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