Capes kept the BDI on an upward trajectory
Driven by Capesize vessels, the dry bulk market rose last week, lifting the Baltic Dry Index by 48 points to close at 1421 on Friday, May 2
Driven by Capesize vessels, the dry bulk market rose last week, lifting the Baltic Dry Index by 48 points to close at 1421 on Friday, May 2
The dry bulk cargo market showed improvements this week, with Panamaxes leading gains at 17.38%, followed by Capes and Ultramaxes, while Handies recorded marginal losses as the BDI rose to 1373 credits on Friday, April 25
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The dry bulk cargo market declined further last week, with all vessel sizes seeing losses, particularly Capes, which dropped more than 10%
The dry bulk cargo market recorded marginal losses of -2.5%, with Panamaxes standing out with an increase approaching 10%, while the BDI closed at 1602 credits on March 28
The dry bulk market saw slight losses of -1.5%, with Capes in the red while other sizes closed positively. The BDI dropped by just 26 points, settling at 1,643 on March 21
In the week ending March 14, the dry bulk cargo market continued its upward trend, with the BDI increasing by 269 points to reach 1,400, driven by gains across all vessel sizes
The golden days of high freight rates are over. Overcapacity, trade tensions, and shifting alliances have turned the tide for the world’s largest ocean carriers. Can they stay afloat?