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Baltic Dry Index News
Shipping rates to be in deep waters for next few years
The shipping industry is not seeing any signs of reprieve in the gloomy freight rate scenario — at least not for another couple of years. The Baltic Dry Index, which tracks the shipping rates for bulk commodities, had on February 3 sunk to 647, which is the lowest level in more than a quarter century. Shipping companies are witnessing a similar trend in container and tanker segments, where rates
The shipping industry is not seeing any signs of reprieve in the gloomy freight rate scenario — at least not for another couple of years. The Baltic Dry Index, which tracks the shipping rates for bulk commodities, had on February 3 sunk to 647, which is the lowest level in more than a quarter century. Shipping companies are witnessing a similar trend in container and tanker segments, where rates
Baltic Mayans
According to a popular, though probably erroneous, reading of an ancient Mayan calendar, the end of the world is scheduled for December 21, 2012. A look at the Baltic Dry Index (BDI), which
Rising freight rates show shipping industry recovery
In a noticeable rebound in the global shipping industry and its repercussion on India, the benchmark Baltic Dry Index, which measures prevailing freight rates has jumped 23 per cent so far this
Offshore deals and defence orders come to shipyards' rescue
The shipping sector is going through tough times. The bulk carrier segment is showing no signs of recovery and the Baltic Dry Index (BDI; it tracks worldwide international shipping prices of
Baltic Dry Index remains weak
First time since its inception in 1985, BDI is witnessing a fall even as others rise.
First time since its inception in 1985, BDI is witnessing a fall even as others rise.
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