Shipping and Logistics

November 1, 2015
Logistics Round up for October 2015
Written by Sandy Williams
Seaborne freight is still experiencing low rates due to limited cargo volume in a general global economic slowdown, according to the latest MID-SHIP Report. Dry bulk market rates have been at historic lows this year as operators struggle with low demand and vessel oversupply.
The Baltic Dry Index stood at 721 on Oct. 30, falling from 888 at the beginning of the month. The BDI is the weighted composite index of the Cape, Panamax and Supra indices. The BDI tracks shipping rates for dry bulk cargos like iron ore, coal and grain and is considered a barometer for global steel trade.


