Shipping and Logistics

November 19, 2016
MID-SHIP Report and November Shipping News
Written by Sandy Williams
The dry-bulk market continued its advance through November, reaching a reading of 1000 for the Baltic Dry Index on November 11 and jumping to 1231 on November 17. As a reference point the BDI was at 849 at the beginning of the month (Nov. 3). The BDI tracks dry-bulk rates based on vessel size and shipping route and is a used as a benchmark for overall trade volume.
The 270 year old Baltic Exchange was purchased earlier this month by the Singapore Exchange (SGX). SGX will use it as “a platform to develop more freight derivative products that link with its common trading platforms,” wrote MID-SHIP.


