Shipping and Logistics

May 13, 2015
Mid-May Logistics Round-Up
Written by Sandy Williams
MID-SHIP continues to report concerns over weak demand in the dry cargo market coupled with over-supply of ships. The drop in shipping to and from China has pushed freight rates to their lowest levels since the mid 1980s according to the May 12 MID-SHIP Report.
The Baltic Dry Index (BDI) was at a low of 509 on February 18, 2015 and posted 589 as of May 12, 2015. The BDI, which tracks dry-bulk rates based on vessel size and shipping route and is a used as a benchmark for overall trade volume, is down 40.02 percent from a year ago.


