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After containers, dry bulk shipping is red hot now - The Hindu BusinessLine

After containers, dry bulk shipping is red hot now May 06, 2021 Baltic Dry Index hits highest levels since 2010 The Baltic Dry Index or BDI, London-based Baltic Exchange’s main sea freight index that tracks rates to ship dry bulk commodities, rose the most in over ten years on Wednesday lifting the spirits of dry bulk ship owners who have been envious of the spectacular ride of container ship owners over the last couple of months. On Wednesday, the BDI which tracks rates for capesize, panamax and supramax vessels rose 109 points or 3.5 per cent to 3,266 points, its highest since June 2010. The capesize index rose 224 points or 4.3 per cent, to 5,404 points.

Scrutiny on the Bounty: Shipping Rates Turn Bullish

Investing Daily Printable PDF Ocean shipping rates don’t get much scrutiny by the financial media. The ratings-hungry cable news producers consider such topics as too “wonkish” for the average viewer. They’d rather subject you to glitzy feature stories about celebrity CEOs, or the latest cryptocurrency fad. Here’s some hard news you can use: Shipping rates for seagoing vessels are soaring. Boring topic? I beg to differ. The shipping industry is a bellwether of global economic growth. As I explain below, the rapid rise of shipping rates year-to-date is a leading indicator that the economic recovery has long-term momentum. I also pinpoint a way to profitably leverage this trend. First, let’s look at the latest batch of positive economic data that’s driving those shipping rates higher.

Baltic Dry Index climbs to 3053 up 46 points | Hellenic Shipping News Worldwide

Baltic Dry Index climbs to 3053 up 46 points Today, Monday , May 03 2021 , the Baltic Dry Index climbed by 46 points, reaching 3053 points. Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry hit a temporary peak on May 20, 2008, when the index hit 11,793. The lowest level ever reached was on Wednesday the 10th of February 2016, when the index dropped to 290 points. Source: Hellenic Shipping News Worldwide 2021-05-03

Baltic Dry Index climbs to 1901, up 48 points | Hellenic Shipping News Worldwide

Baltic Dry Index climbs to 1901, up 48 points Today, Tuesday , March 09 2021 , the Baltic Dry Index climbed by 48 points, reaching 1901 points. Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry hit a temporary peak on May 20, 2008, when the index hit 11,793. The lowest level ever reached was on Wednesday the 10th of February 2016, when the index dropped to 290 points. Source: Hellenic Shipping News Worldwide 2021-03-09

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