Baltic Dry Index has collapsed: Ominous sign for economy?
The Baltic Dry Index has fallen 91% since October 2021 to one of its lowest levels ever, yet shipowners remain confident.
The Baltic Dry Index has fallen 91% since October 2021 to one of its lowest levels ever, yet shipowners remain confident.
Rates and sentiment in dry bulk shipping have fallen hard. Economic pressures in China appear to be a major culprit.
Shares of Zim are flirting with a new peak while shares of ship-leasing, dry bulk and tanker companies lose ground.
Container, dry bulk and tanker stocks are down from recent highs. Temporary setback or something more?
Capesize bulkers haven’t earned this much since 2009, and freight futures just made “monstrous” move up.
Extreme measures to contain delta variant create unprecedented backlog of dry bulk ships off China.
Rates for smaller bulkers remain at decade highs with most dry bulk stocks up triple digits since November.
Dry bulk shipping rates are now double to triple five-year averages. Stock prices of dry bulk owners are on the ascent.
The bosses of public dry bulk shipping companies claim that recent market oddities point to good times ahead.
Star Bulk and Golden Ocean have recently acquired almost $1 billion in ships between them as they seek more exposure to the dry bulk market.