Search results for: BDI

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  • 20 November 2015
    Business & Finance

    The Baltic Dry Index (BDI) fell to 504 points on Thursday, hitting the lowest point in almost thirty years. The BDI dropped by 15 points, a 2,89 percent decrease against the numbers on November 18, and a 36 percent decrease for this year. Such low results are caused by a reduction in the cost of shipping commodities and China’s […]

  • 27 May 2016
    Business & Finance

    Following a scrapping spree witnessed in the first quarter of the year, the Baltic Dry Index’s (BDI) positive effect on capacity being removed from the fleet did not continue into the second quarter of 2016, as capesize demolition came to a halt, according to BIMCO. The BDI went from “devastating” in February to “poor” in April with the […]

  • 17 February 2015

    The Baltic Dry Index (BDI) dropped by another eight points reaching its new record low at 522 points on Monday. The Baltic Dry Index has fallen close to 50% over the past 12 months. The Baltic Capesize Index fell to 614 points, 16 points lower than last reported, whereas Baltic Supramax Index stood at 480 […]

  • 8 March 2017

    The Baltic Dry Index (BDI) has surged on Tuesday, March 7 to a new twelve-week high of 1,033 points, up by 54 points when compared to last week. The rise has been driven by an increase in rates across the sector, but spurred primarily by Capesizes. Specifically, the Capesize index jumped by 211 points to 1,556 points, […]

  • 3 May 2017

    Baltic Dry Index (BDI) has fallen for the eleventh straight session marring its recovery trend from March this year. The index is now at 1,034 points, down by 39 points. This is a considerable fall from the 1,282 point mark BDI passed on March 27, 2017. Cape index had the worst decline this week having dropped by 126 […]

  • 19 July 2010

    Most of the Indian shipping companies are largely insulated from the heavy fall of Baltic Dry Index (BDI) due to their limited exposure to dry bulk fleet and long-term contracts, according to Crisil Research. The last one month has been turbulent for dry bulk shippers with the BDI falling by more than 56%.

  • 24 March 2016

    The Baltic Dry Index has crossed the 400 point benchmark on Wednesday reaching 401 points, a threshold that was lost for quite some time now. Only a month ago, the BDI fell below 300 points, plunging to a new low of 298 points on February 4, fueling further the agony of dry bulk owners desperate for market recovery. The Capesize […]

  • 7 April 2016
    Business & Finance

    As the dry bulk market is currently experiencing a slight recovery, the Baltic Dry Index (BDI) jumped by 13 points and reached 500 points on April 6, marking the highest level so far in 2016. The Capesize index was up by 11 points reaching 477, the Panamax index was up by 23 points hitting 619, while the Supramax index […]

  • 25 June 2015

    The Baltic Dry Index (BDI), which had plunged to all time lows earlier this year, has recovered to an all year high reaching 829 points on 24 June 2015, shipping association BIMCO said. The hike signals that the devastating dry bulk market may finally be on the rebound. “June has delivered what May was unable to – […]

  • 19 February 2016

    The bulk shipping sector cannot catch a break especially since 2016 is expected to be another challenging year for the coal sector in China, Fitch Ratings says. China is a key player in global trade, accounting for  20% of world coal imports, with iron ore and coal representing well over half of the seaborne dry bulk […]

  • 6 January 2016

    The new year is not off to a great start for the dry bulk shipping industry as the Baltic Dry Index (BDI) reaches new all-time low. BDI dropped by five points on Tuesday reaching its lowest level yet of 468 points since its previous record low of 471 points posted in December last year. Capesize index […]

  • 20 July 2010

    With the Baltic Dry Index finally having reached bottom, at least according to market analysts, the dry bulk industry is looking to begin its long road of recovery in terms of hiring rates. After the first glimmer of hope received Friday with the halt of the BDI’s 35 day slide, Monday’s session was again on […]

  • 11 July 2011

    The shipping sector is going through tough times. The bulk carrier segment is showing no signs of recovery and the Baltic Dry Index (BDI;… (BusinessStandard) [mappress] Source:BusinessStandard, July 11, 2011;

  • 12 January 2016

    The Baltic Dry Index has hit a new low having plunged for another 14 points on Monday, January 11 tumbling down to 415 and thus continuing a rough year start for the dry bulk shipping market. The new record low comes in less than a week since BDI dropped by five points reaching its lowest level […]

  • 21 September 2015

    The Baltic Dry Index rose to 960 points on Friday, September 18th, marking an 8,72 percent rise or a jump by 77 points from Thursday, which also marked a 69 points climb, according to the Baltic Exchange in London. Average spot rates for Capesizes were up by USD 2,782 from the previous USD 14,658 and […]

  • 11 January 2010

    Dry bulk market started 2010 exactly as it began back at the beginning of 2009, with a bullish stance with renewed cargo interest. As a result, the Baltic Dry Index (BDI), a benchmark which tracks the cost of hauling commodities like iron ore and coal in dry bulk carriers, has risen by 8.8% or 265 […]

  • 18 April 2016

    The Baltic Dry Index (BDI) has experienced a further increase with the continued recovery of the dry bulk shipping industry as it surged by 38 points to a mark of 635 points on April 15. The Capesize index was up by 118 points reaching 949, while the Panamax and Supramax indexes were up by 27 and 11 points, respectively, resulting […]

  • 6 May 2010

    Rebounding shipping rates due to seasonal factors and strong demand for iron ore on the back of the global economic recovery are expected to improve the performances of Thailand’s sea-freight carriers in the current quarter. Analysts have forecast the Baltic Dry Index (BDI), the most closely watched dry bulk shipping rate for commodities, will jump […]

  • 9 March 2015

    After plunging to unprecedented low levels at the beginning of the year, the Baltic Dry Index is en route for recovery based on the latest figures. Namely, the BDI stood at 565 points last week.The rebound has been driven by strong vessel demand from the sector, Reuters reports, pushing daily rates for Panamaxes to USD 4,706, up by […]

  • 7 May 2015
    Business & Finance

    Overcapacity and low fuel prices are bound to keep low dry bulk shipping freight rates for the rest of the decade or even longer, according to investment bank Goldman Sachs. With the daily charter rates dwindling, the bank predicts that the average utilization rate of the dry bulk shipping fleet will decline to 70 percent […]

  • 21 September 2015

    The Baltic Dry Index rose to 960 points on Friday, September 18th, marking an 8,72 percent rise or a jump by 77 points from Thursday, which also marked a 69 points climb, according to the Baltic Exchange in London. Average spot rates for Capesizes were up by USD 2,782 from the previous USD 14,658 and […]

  • 13 September 2017

    Sentiment among dry bulk ship owners seems to be at a new high as Baltic Dry Index (BDI) hit a 34-month record at 1,332 points, according to a weekly shipping report from Allied Shipping Research. The market increase that has seen some routes on the Capesize Index reach a three-year high has been driven by […]