Search results for: Baltic Dry Index

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  • 11 February 2015
    Business & Finance

    The Baltic Dry Index has fallen to 553 points today, down 1 point from the record low set in 1986.

  • 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 […]

  • 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 […]

  • 17 April 2015

    It seems that the worst is finally over for the bulker owners as the Baltic Dry Index (BDI) is expected to recover in April with stagnant supply and rising demand for vessels. According to UK-based shipping consultancy Drewry, supply is expected to slow down with a decline in newbuilding activity and a rise in demolition, […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 16 May 2017

    The Baltic Dry Index (BDI) fell to 994 points on Monday, May 15, down by 20 points, tumbling again below the 1,000 threshold. The index broke the 1,000 mark in March this year driven by an increase in rates across the sector and managed to stay above the line for over two months. However, the market […]

  • 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 […]

  • 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 […]

  • 13 February 2015
    Business & Finance

    The Baltic Dry Index has fallen to 540 points February 12, marking a further 13 point (-2.35%) slide compared to the previous record low of 553 points reached just a day earlier. Dry bulk owners have seen their earnings slashed as a result of the index fall, some of them even forced to resort to bankruptcy, […]

  • 5 February 2016

    The Baltic Dry Index has fell below 300 points, plunging to a new low of 298 points on Thursday, February 4. The Cape Index was down by one point at 208, followed by Supramax index at 271 after a dip of 9 points. Only the Panamax index had a slight improvement with 5 points up […]

  • 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 […]

  • 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 […]

  • 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 – […]

  • 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 […]

  • 6 February 2015
    Business & Finance

    The Baltic Dry Index (BDI) has fell to 564 points on Thursday hitting the lowest in almost thirty years. The BDI marked a loss of 10.7% in the past week and is just 10 points off its lowest level reported in July 1986. The fall has been influenced by structural overcapacity as there are too many ships to meet the declining […]

  • 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 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 […]

  • 27 April 2016

    A recent Capesize market uptick, caused by an increase in iron ore trade, higher steel prices and a rise in scrapping, has revealed its impact as the Baltic Dry Index continued to grow, reaching a mark of 704 points on April 26, up by 14. The Capesize index was up by 48 points, hitting 1135, the Supramax index saw a slight rise […]

  • 18 November 2016
    Business & Finance

    The Baltic Dry Index (BDI) jumped by 26 points and reached 1,257 points on November 18, marking its highest level so far in 2016 amid a strong recovery in the dry bulk market over the last month. The Capesize index was up by 21 points reaching 2,752, the Panamax index was up by 35 points to […]

  • 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;