The Baltic Dry Index (BDI) will continue to stay under pressure as shipowners are not scrapping enough vessels even as demand has grown, pointing to a slow market recovery up until 2020, warned Khalid Hashim, managing director of Precious Shipping.
Jinhui Holdings has purchased an office unit in Hong Kong as part of its continuing divestment of its exposure to the shipping business.
Digitalisation, now permeating all aspects of shipping, was central to almost every discussion and panel over Shipping Insight’s three-day span at its 2018 conference in Stamford, Connecticut in US last week.
The Capesize market saw a correction this week and prompted the Baltic Dry Index (BDI) to fall below 1,500 points.
The Baltic Dry Index (BDI) was off to a good start this week as the index pushed toward the 1,740 readings, thanks to the positive market sentiments from the higher freight derivative markets.