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...
The futures market has constantly been re-adjusting since the beginning of this year and forward freight agreements (FFAs) have been underestimating the underlying strength of the dry bulk market.
The shipping market is heading for a long cold winter season ahead with seasonal lull of low construction activities in China. As such, the Baltic Dry Index (BDI) recorded 1,374 points on Wednesday, down 31 points day-on-day, and posted a loss of...
Capesize freight rates got a boost from strong fixtures across all routes, thanks to bullish market sentiment. With this support, the Baltic Dry Index (BDI) raced toward the 1,500 points mark and finished 1,486 on Wednesday, up 9 points day-on-day.
Polaris Shipping has inked a KRW908bn ($800m) order with Hyundai Heavy Industries (HHI) for 10 VLOCs.
Baltic Dry Index (BDI) has given the market participants a run of their money by staying at the 1,290 points consistently for most of the time after the Easter break before settling for a slide to 1,278 points on Wednesday, 19 April.
A projected growing rate of China’s import of iron ore is expected to propel dry bulk shipping demand in 2017, according to a latest forecast by international shipping association Bimco.
The freight market is enjoying a pre-Easter surprise rally with rising rates, virtually unaffected the recent plunges in seaborne iron ore prices but some detect the beginning of some post-holiday jitters.
