Subscribe to RSS feedCoal congestion powers BDI surge
BULK port congestion along Australia’s east coast and growing demand for coal drove the Baltic Dry Index to its sixth weekly increase last week.
The BDI climbed 9.4% to 3393 points by Friday, led by continued growth in demand for panamax vessels. If you are already a subscriber, please sign in below. If you're not a subscriber and would like to experience the full benefits of Lloyd's List DCN with a 14 day trial, please click here. Alternatively, click here to subscribe.
Charter rates for panamax bulkers topped US$28,500, a 13% gain on the previous week and the highest level since September last year.
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