The Baltic Dry Index (BDI) hit a year high of 829 points on Wednesday, and while still at a very low level it there are some signs of a turnaround for the beleaguered dry bulk sector.
The falling trend in container shipping spot freight rates for most of this year is pushing larger boxships to idle on the back of the continuing overcapacity problem, according to an analyst report by shipping association Bimco.
Singapore Maritime Foundation (SMF) is whipping up support for the Singapore Ship Sale Form (SSF) to be listed on Bimco’s IDEA.2.
Philippe Louis-Dreyfus has become Bimco president and has identified leadership and practical business support as the themes of his two-year presidency.