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Tag Archives: Tanker

A Review of Dry Bulk Shipping Performance and Its Challenges in 2016

18 Sunday Dec 2016

Posted by Angela Chao in Dry bulk shipping

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Tags

China shipping, dry bulk shipping, Shipping markets, Tanker

The bulk carrier Tokyo Bulker passing the Golden Gate Bridge on its way from San Francisco to Lanshan, China

The bulk carrier Tokyo Bulker passing the Golden Gate Bridge on its way from San Francisco to Lanshan, China

2016 – A Year of Huge Ups and Downs in the Dry Bulk Carrier Market

After the Baltic Dry Index (BDI) hit a historic low of 290 points in early February this year, creating a sentiment of pessimism across the industry, the bulk carrier sector began to make its climb toward recovery. The year began positively, with the BDI standing at 473, and then the bottom fell out on February 10. For the capesize sector, things continued to fall to the darkest depths – the nadir being on March 17. By November 18, BDI not only recovered to much healthier levels, but it spiked to 1,257 points. Since then, it has come down to 1,090 points, 13% below where it stood in October. The recovery can be observed in capesize rates which were $1,994 per day in late March, rising to $19,364 per day on November 18. The latest jump was short-lived. Over the last three weeks, we have seen the price fall to below $9,000 per day.
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About Me

Angela Chao
Chairman and C.E.O. of Foremost Group, a leading shipping and trading enterprise, Angela Chao is an active businesswoman who serves on several boards and loves to volunteer. Angela comes from a loving and supportive family of Chinese descent. The Chao family dedicate themselves to serving and contributing to society.

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Recent Posts

  • A Review of Dry Bulk Shipping Performance and Its Challenges in 2016
  • Several Indicators Point to Long-Term Recovery in Capesize Market
  • Is Obsession with Brexit Creating a Blind-spot for Economists?
  • Angela Chao’s Mixed Bag of News for the Dry Bulk Shipping Industry
  • Consolidations in China’s Steelmaking Industry are Healthy and Necessary

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  • Baltic Dry Index
  • Dry bulk shipping
  • Shipping Events

Tags

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