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BDI stays above 2,000 points
Baltic Dry Index (BDI) managed to maintain above the 2,000 points during the week, despite thin shipping activity.
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Freight market rebound after long holidays
The freight market rebounded on higher iron ore prices and recovered from the long holidays in Singapore and devastating typhoon off China’s coast.
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Freight rates plunges on sharp Yuan depreciation
The Baltic Dry Index (BDI) lowered to 1,712 reading on Wednesday, down 22 points or 1.27% on-day, due to market uncertainty over the sharp depreciation of Chinese Yuan.
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‘No ifs or buts’ for BDI
Baltic Dry Index achieved a five year high on Monday with the reading of 2,191 at its peak.
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BDI rallies to 5 ½ year high
The Baltic Dry Index (BDI) reached a five and half year high on Thursday at a reading of 1,816, up 2.19% on-day.
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Capesize dances to Brazilian samba
It was bullish week for Capesize market as Brazil’s Vale took a number of vessels at higher freight rates due to the restart of its Brucutu mine.
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Dry bulk FFA market: Baltic rallies despite short work week
Baltic Dry Index (BDI) continued to strengthen this week due to lower bunker prices and higher forward freight agreement (FFA).
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Baltic tests 1,100 level on increased cargoes
Baltic Dry Index (BDI) formed a new norm of staying above 1,000 points and even extended its gains toward the 1,100 mark this week.
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Baltic holds up at the 1,000 mark
Baltic Dry Index (BDI) continued to hold steady above the 1,000 mark with better rates and more tonnage coming from the Atlantic and West Australia market.
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Dry bulk FFA market: futures mixed amid escalating US-China trade
With a single Tweet from President Trump, the flames of the US and China trade war have rekindled and rattled the global markets. Political instability among the US and China shook the market confidence and prompted falling freight rates. However, the falls were also accelerated by lack of cargoes from Brazil after a court ruling reversed the restart of Vale’s Brucutu mine.
