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BDI continues to rise to hit a new high in the near future.
Release time：Jun 25, 2019 From：admin
On June 21, the Baltic Dry Index (BDI) rose 1.27% to 1194 points, rising for four consecutive days and hitting a five-month high. It has risen nearly 100% from the low point of February 11. The industry believes that the rebound of iron ore freight rates in the second quarter led to an increase in the overall freight index of dry bulk. In terms of consolidation, container shipments continued to increase due to the recovery in demand. In terms of capacity, the market has less new capacity and increased supply tension. With the rapid rise of oil prices and other factors, ship owners have higher confidence. With the arrival of the shipping season, the freight rate is expected to further increase, and shipping stocks such as Ningbo Shipping and COSCO Haite are expected to benefit.
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