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BDI falls over 10% in first week of 2016 hitting successive lows

The Baltic Dry Index (BDI) has fallen over 10% in the first week of trading in 2016 with a successive series all time lows.

Marcus Hand, Editor

January 9, 2016

1 Min Read
Kalyakan - stock.adobe.com

The BDI fell a further 16 points on Friday to a new low of 429 points just over 10% lower than it started the year. The index had ended 2015 at 478 points, just seven points above an all time low of 471 points set in mid-December.

Dry bulk shipping markets have been hit by fears over the Chinese economy as its stock markets made a rollercoaster start to 2016 with the Shanghai Stock Exchange suspending trading on to separate days as the market fell by over 7%. This combines with already serious overcapacity in the dry bulk shipping market.

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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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