Dry bulk freight rates continue to soar
On 7 October 2021, the Baltic Dry Index, a global indicator of bulk freight rates, reached 5670, marking its highest level since September 2008. This compares to just 393 in mid...
Baltic Dry Index
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Freight rates dampen scrapping trend
Better-than-expected dry bulk freight rates have done little to encourage shipowners to scrap their older vessels, despite warnings of ongoing market volatility due to a lack of...
Owners urged to scrap older vessels
In the three-month period to 17 July 2018, the Baltic Dry Index (BDI) rose from a low of 1042 points on 30 May to a high of 1695 on 16 July. Baltic Dry Index – three months to 1...
Dry bulk on road to recovery?
In the three-month period to 6 June 2018, the Baltic Dry Index (BDI) began at 1212 points before falling steadily to 948 points four weeks later. By 14 May it had climbed to 147...
BDI rallies on back of coal demand
Freight rates in the dry bulk sector are rising on the back of a commodity boom. By the end of November 2017, the Baltic Dry Index (BDI) had improved by 45 per cent so far that ...
Freight: 30m dwt of scrapping needed
With newbuilds arriving faster than owners are able to scrap their old carriers, the growing oversupply in the dry bulk shipping market is clear. Higher levels of ship scrapping...
Shipping market set for multi-year recovery
Despite bouncing back from the historic lows seen in February 2016 (290 points on 10-11 February), the Baltic Dry Index (BDI) continues to experience downward trends, as seen in...
Freight rates firm up after initial dip
Selected freight market trends 20.06-04.07.2012 The Pacific Handysize market has seen increased activity over the past fortnight with Pacific RV prices firming from US$4900/day ...
Panamax picks up
Handysize rates cooled in both the Atlantic and Pacific basins. RV Atlantic rates fell from US$15,320/day on 30 May to US$15,000 a fortnight later. The slip in the Pacific marke...