The onset of the coronavirus pandemic in the first half of the year resulted in a steep decline in global trade as economies came to a literal standstill leading to a commensurate drop in the Baltic Dry Index (BDI). With the gradual return of economic activities in 2Q2020 and boosted by a remarkable turnaround in China, the Baltic Dry Index (BDI) has peaked over 2,000 points in October, rebounding to September 2019 levels, having recovered…

Demand for Panamax and Capesize vessels continued to decrease

China's commodity restocking has helped the index to recover mildly despite logistic issues

The Baltic Dry Index continues its journey towards recovery, having expanded 8% in the last week of February.

Between February 14 and 21, the Baltic Dry Index (BDI) soared 17% from 425 to 497 points, as most indices point to a recovery.

Despite a few sluggish recoveries, the Baltic Dry Index continues to fall, having tanked 15% in the first week of February