Dry Bulk Weekly – 19 February, 2010

Baltic dry index rose 5.6% in the last week. Capesize Index outperformed the BDI, Panamax Index was in line, while Supramax and Handysize Index underperformed. The market action seems like a result of market participants fixing Capesize vessels in anticipation of China return to the markets after the this week New Year celebration and on the other side ship owners withholding tonnage from the market in anticipation of better rates when Chinese imports resume.

It is highly likely that the BDI will rise in coming months.

Chart 1. Baltic Dry Indexes Relative Performance

Source: Bloomberg

Chart 2. Baltic Dry Index

Source: Bloomberg

Chart 2. Baltic Dry Index Components

Source: Bloomberg


This entry was posted on Friday, February 19th, 2010 at 10:48 am and is filed under Commodities, Dry Bulk Weekly. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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