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BDI falls below 400 points for the first time

The Baltic Dry Index (BDI) fell below 400 points for the first time on Wednesday with capesizes leading the drop.

Marcus Hand, Editor

January 14, 2016

1 Min Read
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Continuing its drastically poor performance this year the BDI fell eight points on Wednesday to 394 points, dipping below 400 for the first time ever.

Capesizes were as in previous days the biggest loser with the Baltic Capesize Index (BCI) down 21 points at 245 points.

On the demand side there was bleak news and figures released Chinese Customs showed coal imports into China fell 30% in 2015 to 204.1m tonnes compared to 291.2m tonnes in 2014.

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Baltic Dry Index

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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