Dry bulk market stages mild rebound after plunging to multidecade lows

Thu, 9 Feb 2012 00:00:26 GMT

The dry bulk market has slowly started to forge a recovery this week, after falling to a near three-decade low. Yesterday, the industry’s benchmark, the BDI (Baltic Dry Index) posted a third straight rise, this time by 2.42% to reach 676 points. Of course, these level of rates are still among the lowest ever recorded in the market, forcing owners to speed up demolitions of older bulkers and even l...

Hellenic Shipping News Worldwide, Dry bulk market stages mild rebound after plunging to multidecade lows

Dry bulk market stages mild rebound after plunging to multidecade lows