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Read all the latest news about Baltic Dry Index. ShippingWatch gives you independent, credible, critical and fair news.

Dry bulk rates reach highest level in five years

The Baltic Dry Index, which measures dry bulk freight rates, reached its highest level in five years Monday. Following several difficult years and a surprisingly poor start to 2019, optimism is starting to spread.

Bimco turns its back on Baltic Dry

Baltic Dry has changed to such an extent that the index no longer serves as a proxy for the dry bulk sector overall, says Bimco Chief Analyst Peter Sand, who thus takes down an institution in the shipping sector.

Investment bank confident in imminent dry bulk market boom

While there are a fair number of pessimists when it comes to dry bulk rates, there are also those who are confident in an impending boom. For instance, Cleaves Securities' chief analyst projects a significant upturn in the second quarter following an "abysmal" start to the year.

Dry bulk recovery halted – index plunging

The benchmark Baltic Dry Index has tumbled down over the past two months, and the same applies to the share prices of the listed dry bulk carriers. But Drewry expects that the decrease is temporary.

Baltic Dry Index drops Handysize vessels

Prominent bulk index Baltic Dry will no longer include numbers from Handysize vessels. The index reflects global trade patterns in dry bulk, explains the CEO of the Baltic Exchange.

Bulk rates soared in 2017 thanks to China

Bulk rates soared in 2017 and landed at their highest level in three years this December. China has been the driving force, says Bimco, which predicts more moderate growth rates next year.

Clarksons: Uncertainty spreads in bulk

Analyst firm Clarksons believes that "unabated optimism" in the dry bulk market earlier in 2017 has been replaced by more uncertainty and falling dry cargo values. Nevertheless, the analyst firm does not see cause for concern.

Dry bulk rates surpass last year's peak

Last week the dry bulk rates inched above last year's peak level registered in November after many months on rock bottom, shows the most recent data from the Baltic Dry Index.

Baltic Dry Index climbs to 15-month high

Friday brought yet another sign of an improving dry bulk market. With a seven percent increase, the Baltic Dry Index has crossed the magical 1,000 point threshold and has thus reached the highest level noted in 15 months.

Singapore Exchange acquires Baltic Dry Index

The stock exchange in Singapore is spending GBP 87 million to take over the Baltic Dry index, a 272-year-old financial institution. The deal has been long underway, and must first gain final approval from the British financial authorities.

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