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    Shipping and Logistics

    Shipping Roundup for End of March

    Written by Sandy Williams


    The dry bulk freight market is through with its cyclic low and is headed toward a positive market, according to the latest MID-SHIP Report. MID-SHIP noted that Baltic Dry Index on March 29 was 1338, its highest rate since November 2014. As of today, April 4, the BDI has dropped to 1282.

    The shipping market has benefited from improved commodity prices, especially steel, tighter fleet supply, increased ore demand from China and “a significant change in overall sentiment on both sides of the supply demand ratio.” Of concern is a slowdown in scrapping of older vessels and a recent peak in new build inquiries.

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