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Dry bulk has been the "Wile E. Coyote" of ocean shipping for the past decade – forever chasing after profits only to lunge at empty air and repeatedly fall straight off a cliff.Rates for ...
Dry bulk shipping companies DryShips , Diana Shipping , and Navios Maritime Holdings rallied strongly at the end of last year as the Baltic Dry Index, which reflects the daily charter rate for ...
If the coronavirus is brought under control in the next few months, China ramps up its industrial production and the global economy recovers in the second half, ocean spot rates for major dry-bulk ...
Lloyd's List Intelligence (formerly Lloyd's MIU LLC) is an information service dedicated to the global maritime community. It is a sister company of Lloyd's List. [1]Lloyd's List Intelligence is an interactive online service offering detailed vessel movements, real-time AIS positioning, information on ships, companies, ports and casualties as well as credit reports, industry data and analysis ...
Baltic Dry Index 1985 - 2022. The Baltic Dry Index (BDI) is a shipping freight-cost index issued daily by the London-based Baltic Exchange. The BDI is a composite of the Capesize, Panamax and Supramax timecharter averages. It is reported around the world as a proxy for dry bulk shipping stocks as well as a general shipping market bellwether.
The shipping market is an intensely cyclical industry and both demand for bulk shipping and daily hire rates change greatly over time. The Baltic Dry Index, the major index of dry bulk shipping rates, fell from a peak over 7,000 in 2007 to a low of 648 in March 2012. [15]
As the prices of dry bulk commodities such as coal and iron ore have slumped during the past few years, miners have responded by ramping up output to prevent profits from collapsing. As a result ...
Dry forward freight agreement (FFA) volumes hit 2,524,271 lots, up 61% on 2020. Options trading in the dry market hit an all-time high of 409,255, up 25% on the previous year. The most heavily traded contract was settled against the Baltic Exchange's panamax timecharter assessment (PTC) which saw 1,202,432 lots traded in 2021.