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Dry bulk rate hike comes to an end

The bulk recovery which began in November is now definitively over. The Baltic Dry Index has fallen tremendously since its high point in the middle of November and has now reached the same level as when the recovery began. 2016, however, comes to a close amidst industry optimism.

Aabenraa Havn
Photo: Aabenraa Havn

The recovery on the bulk market which surfaced at the eleventh hour of 2016 is now definitively over.

After a few strong weeks with an upward curve, the Baltic Dry Index, which indicates spot rates for bulk freights, has dived spectacularly.

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