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.

Photo: Arkivfoto/Colourbox

Following strong improvements in the dry bulk market through 2017, a surge that also lifted share prices of the listed bulk carriers, the sector has in recent months registered a significant setback.

Analysts Drewry describes it as "a significant correction" in a seasonally weak period that the benchmark Baltic Dry Index (BDI) has plunged steeply from 1,743 points in December to the current level of 1,098 points.

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