Inform
Iron ore and coal seaborne transportation costs fall to new low
This report is currently unavailable
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 2 images and tables including:
- Baltic Dry Index
- Iron ore and coal trade v. fleet growth
Other reports you may be interested in
Insight
Value-in-use iron ore costs Q1 2024
Q1 2024 iron ore value-in-use adjusted costs are up 2.2% compared to last quarter and margins are decreasing due to lower prices.
$5,000
Insight
Bunkers, EVs and steel: a perfect storm in the needle coke sector?
Rising demand from the steel sector and lithium-ion batteries are likely to tighten fundamentals in the needle coke sector
$1,050
Asset Report
Banmiaozi gold mine
A detailed analysis of the White Mountain gold mine.
$2,250
