Baltic Dry Index continues to rebound

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

Between February 21 and 28, the Baltic Dry Index (BDI) rose from 497 to 535 points, although shipments to China continue to fall.

The Capesize Index returned to a negative trajectory, with a steep contraction of 45% week-on-week, as markets still struggle with uncertainty surrounding the coronavirus epidemic.

On its turn, the Panamax Index recorded a double-digit expansion, surging from 787 to 905 points, on the back of a good momentum in the Atlantic.

The positive momentum in the Atlantic also prompted the Supramax Index to experience the biggest increase of the week among all indices, surging by 16% to 606 points.

The Handysize Index also kept its upward trend, rising 6.6% from 304 points, boosted by the shrinking number of open vessels in the Atlantic and the Pacific.

To discuss further how CW Research can assist you in evaluating market opportunities or challenges, please do not hesitate to contact our research team on email: inquiries@cwgrp.com