Baltic Dry Index Archives - Page 4 of 4

China and vessel glut drive Baltic index to fresh low

By GFM Network News, Reuters January 12, 2016

Reuters — The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying industrial commodities, slid to a fifth consecutive record low on Monday on economic worries about China and a surplus of vessels. The overall index, gauging the cost of shipping dry bulk cargoes including grain, iron ore, cement, coal and fertilizers,

Crops, Markets

Baltic Dry Index continues downward slide

By GFM Network News, Phil Franz-Warkentin January 7, 2016

CNS Canada — A downtrend in ocean freight rates shows no sign of letting up, as the Baltic Dry Index again hit fresh historic lows. The Baltic Dry Index (BDI) was quoted at 445 points on Thursday, marking a new low since records began in 1985. The index was trading above 1,200 as recently as

Crops, Markets

Ocean freight rate index at historic low, again

By GFM Network News, Phil Franz-Warkentin December 17, 2015

CNS Canada –– The Baltic Dry Index, which gauges the price of moving grain and other goods by sea, is down to new historical lows, less than a month after setting the former floor. The BDI, compiled daily by the London-based Baltic Exchange, was quoted at 471 points on Wednesday after falling below 500 points

Crops, Markets

Low ocean freight rates likely to stick around

By GFM Network News, Phil Franz-Warkentin November 26, 2015

CNS Canada –– Ocean freight rates are at some of their lowest levels ever and will likely stay that way for at least the next two years, according to an industry analyst. “We’re near hitting bottom, but just because we hit bottom it doesn’t mean we won’t scrape along it for awhile,” said Jay O’Neil,

Crops, Markets

Baltic Dry Index hits record low

By GFM Network News, MarketsFarm Team November 20, 2015

The Baltic Dry Index fell to its lowest levels ever on Friday, which bodes well for the competitiveness of Canadian grain exports. The BDI, a gauge of global ocean freight prices, was quoted Friday at 498 points — the first time the index dipped below 500 since records began in 1985. The index was trading

Crops, Markets

Bulk shipping cost index sinks to 30-year lows

By GFM Network News, Phil Franz-Warkentin February 10, 2015

CNS Canada –– The Baltic Dry Index, which tracks global bulk shipping rates, has fallen to its lowest levels in 30 years, which should make North American grains and oilseeds more competitive in the international market. The index (BDI) was quoted Monday at 554 points, the lowest reading since records start in 1985. The index

Crops, Markets

Prairie farmers to benefit from lower ocean freight rates

By GFM Network News, Terryn Shiells January 16, 2015

CNS Canada — Western Canada’s grain farmers are expected to benefit from recent lower ocean freight rates as the Baltic Dry Index (BDI), a measurement of such rates, has dropped significantly over the past couple of months. The BDI was quoted Friday at 749 points, up from a low of 709 points seen earlier in

Daily Network News

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Tag Archives Baltic Dry Index

China and vessel glut drive Baltic index to fresh low

Baltic Dry Index continues downward slide

Ocean freight rate index at historic low, again

Low ocean freight rates likely to stick around

Baltic Dry Index hits record low

Bulk shipping cost index sinks to 30-year lows

Prairie farmers to benefit from lower ocean freight rates

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