October 2014 | Steel Raw Materials
Freight Highlights: 21 October 2014
Roundup of MBR's freight statistics for the week of 21 October 2014
The Baltic Dry Index (BDI) regained some ground late last week, as panamax rates recovered from a period of reduced trading activity earlier this month. In fact, the Baltic Panamax Index (BPI) increased by 127 points on a week-on-week basis, while the Baltic Capesize Index (BCI) rose by 150 points earlier this week. Meanwhile, Atlantic and Pacific Capesize indices weakened further this week, due primarily to weaker oil-bunker prices which continued to reduce voyage rates in both regions. In fact,...
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