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    Shipping and Logistics

    Logistics Update: Lock Closures Causing Problems on Rivers

    Written by Sandy Williams


    Spot market prices continue to rise in the seaborne freight market according to the June MID-SHIP Report. As of July 4, the Baltic Dry Index was at 688, nowhere near its five year high on December 13, 2014 but well above its trough of 290 on February 11, 2016.

    The BDI tracks shipping rates for dry bulk cargos like iron ore, coal and grain and is considered a barometer for global steel trade. The index is a composite of the Baltic Capesize, Panamax, Handysize and Supramax indices.

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