Baltic Dry Index reached its low over the last 4 months

26.01.2018

Last week Baltic freight index lost 164 points or 12.59% reaching 1139 points. The Capesize large-capacity transportation sector, which specializes in coal and iron ore transportation, was the main bearish factor, reports UkrAgroConsult.

The Capesize index reduction by 32.4% was the main reason why Baltic Dry Index reached its low over the last 4 months. The decline in demand for transportation in coming weeks in connection with Chinese New Year is likely to cause the further decrease in rates for bulk carriers. Brokers report low trading activity in the Atlantic sector.

 

UkrAgroConsult

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