Inform
Iron ore and coal seaborne transportation costs fall to new low
This report is currently unavailable
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The Baltic Dry Index (BDI), which measures freight costs for dry bulk shipping, fell to a new low this week hitting 471 on 16 and 17 December. The BDI was at 1,222 as recently as August 2015 and the new low represents just 4% of the record high of 11,793 in May 2008. The fundamentals of weak trade growth in coal and iron ore, a more rapidly growing fleet of dry bulk vessels and falling oil prices mean that this record low is likely to be tested in 2016. Lower dry bulk freight rates will put additional downward pressure on commodity prices and industry costs.
Table of contents
- Iron ore and coal seaborne transportation costs fall to new low
Tables and charts
This report includes the following images and tables:
-
Baltic Dry IndexIron ore and coal trade v. fleet growth
Other reports you may be interested in
Insight
Iran and the Strait of Hormuz: The impact of the Middle Eastern conflict on iron ore
Closure of Strait threatens to choke off Middle Eastern DRI supply
$1,050
Asset Report
Middletown steel plant
Single blast furnace steel plant producing flat-rolled and coated sheet. The planned DRI-EAF project was cancelled on weak economics.
$2,250
Asset Report
Port Talbot (BOF) steel plant
Tata Steel will halt its blast furnace operations by September 2024 as part of its strategic shift towards low-carbon EAF steel production.
$2,250
