The Baltic Dry index (BDI) seemed to walk out of its shadow and posted an uptick this week, with improvement seen in the Capesize market as well as support drawn from the consistent-performed Panamax market.
Capesize paper market started the week on bearish notes after a slight recovery from the trading near the floor on the previous week. News of US tariffs on steel imports and China’s lower iron ore imports in February certainly did not help the...
This week saw the capesize paper market traded near to the floor, even before the announcement of raising US tariffs for all steel imports by 25%. Starting from Monday, capesize rates plunged due the lop side supply-demand situations, with more...
The recent US stock market biggest single trading day drop did not dampened the market sentiment on freight market. Dubbed as “Black Monday” or rather a market correction on 5 Feb 2018 where the Dow Jones Industrial average fell by almost 1,200...
Not so many moons ago the Baltic Dry Index (BDI) found itself at the similar territory to where it is today with plunging rates as Lunar New Year approached. Then just days after the Lunar New Year, the BDI fell to lowest ever level at 290 points...
The capesize market took a hammering throughout the week as the lack of cargoes and tonnage oversupply problem persisted. The under-pressure capesize market pulled the Baltic Dry Index (BDI) to a five-month low at 1,139 points, down 25 points day...
Profit-taking and cyclones have summed up the freight market this week. First, the shippers’ profit-taking continued into the week ended on 12 January 2018 and saw the capesize paper market ventured into the red.
Happy New Year to all. The Baltic Dry Index (BDI) closed at 1,262 points on Wednesday, up 32 points, seeming to extend the course of dry bulk recovery in 2018. New Year optimism some may say, but the high dry bulk index finds its backing on the...
