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.

by TOMAS KRISTIANSEN

The benchmark Baltic Dry Index increased by no less than 7.3 percent on Friday, reports Bloomberg News, to a total 1,045 points.

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Baltic Dry Index climbs to 15-month high

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Analysts: Dry bulk shares will be winners in 2017

Dry bulk making money on Capesize for the first time in a year

This is how much bulk and tanker have grown in one year

Sign up for our newsletter

Front page now

Maritime & Merchant notes fierce competition in loans for shipping

Packed container ships trigger surge in air freight demand

14 arrested at demonstration in front of Maersk headquarters

Norwegian car carriers bag multi-year contracts

IMO's fossil fuel ban in the Arctic faces criticism

Record influx of container ships this year will not cause trouble until 2025

Cosco and CMA CGM expect further pressure on major European ports

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Dry bulk players dismiss green fuels in favor of low-hanging fruits

Less than one percent of the container fleet is currently idle

Congestion in Asian ports is now as bad as during Covid

Analysis: Capesizes have become too expensive despite strong market

Further reading

Kuehne+Nagel triggers unrest among staff with new management structure

Cosco and CMA CGM expect further pressure on major European ports

Congestion in Asian ports is now as bad as during Covid

Less than one percent of the container fleet is currently idle

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Analysis: Capesizes have become too expensive despite strong market

Jobs