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Dry bulk index at all time low

The Baltic Dry index decreased by 0.9 percent on Monday, down to 554, thereby reaching the record low from 1986.

K Line tørlastskib

The dry bulk index Baltic Dry dropped on Monday by 0.9 percent to 554 points, according to data from Bloomberg News.

This is the 13th day in a row that the index has decreased and it now hovers at the current record low.

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Several factors explain the plummeting dry bulk rates

Dry bulk rates have taken an unusual dive at the beginning of 2022. Most recently, the Baltic Dry Index dipped by 4 percent Friday. Several factors have triggered a ”panic in the market,” an analyst explains to ShippingWatch.

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