| |
2 Pages

Iron ore and coal seaborne transportation costs fall to new low

Iron ore and coal seaborne transportation costs fall to new low

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.

What's included?

This report includes 1 file(s)

  • Iron ore and coal seaborne transportation costs fall to new low PDF - 983.73 KB 2 Pages, 0 Tables, 2 Figures


This Iron Ore Inform report highlights the key issues surrounding this topic, and draws out the implications for those involved.

For industry participants and advisors who want to look at the trends, risks and issues surrounding this topic, this report gives you an expert point of view to help inform your decision making.

Our analysts are based in the markets they analyse and work with high-quality proprietary data to provide consistent and reliable insight.

We provide unique in-depth analysis of the metals supply industry so you can make confident strategic decisions.

Requester's name : .............
Department : .............
Authoriser's Name : .............
Authoriser's signature : .............
Date : .............
Cost Centre : .............

Questions about this report?

Frequently Asked Questions
  • Europe: +44 131 243 4699
  • Americas: +1 713 470 1900
  • Asia Pacific: +61 2 8224 8898
contact us

Why Wood Mackenzie?

Wood Mackenzie, a Verisk Analytics business, has been a trusted source of commercial intelligence for the world's natural resources sector for more than 40 years, empowering clients to make better strategic decisions with objective analysis and advice.

We work across every sector of oil, gas, power, renewables, chemicals, metals and mining, covering more than 150 countries. Our proprietary data and models are at the core of everything we do, ensuring our independent asset and company valuations are thoroughly robust and that we offer an accurate forward-looking view of economic indicators such as market supply, demand and price trends.

Our 500+ analysts are based in the regions they cover, cultivating an unrivalled depth of understanding to help clients accurately identify new opportunities, define their strategy and improve business performance.

At every stage, our teams readily collaborate and share their insight to provide an integrated perspective across entire industries. It is this unique and rigorous analytical approach that ensures we are recognised as the industry standard by the world’s most innovative organisations.