• SMU new site announcement banner
  • Skip to main content

    Shipping and Logistics

    June Logistics Report

    Written by Sandy Williams


    Freight levels for dry bulk cargo are slowly recovering from the historic lows seen in first quarter of this year, according to the most recent MID-SHIP Report.

    The dry bulk market continues to suffer from an oversupply of vessels and slow demand growth, although rates are generally holding firm in most of the seabourne markets. The Baltic Dry Index was at 610 as of June 10, up from its low on of 290 on February 10, 2016. In April the index climbed above 700 points but fell in unison with lower pricing for iron ore, one of the main commodities followed by the BDI.

    Latest in Shipping and Logistics