Dry Bulk Market Not “Out Of the Woods” Yet

Despite the positive sentiment coming back in the dry bulk market, as shown by the latest rise in the Baltic Dry Index, the industry’s benchmark, shipbrokers and analysts remain cautious.

BIMCO: Demolition Spree Hits Standstill Due to Rise in BDI

Following a scrapping spree witnessed in the first quarter of the year, the Baltic Dry Index’s (BDI) positive effect on capacity being removed from the fleet did not continue into the second quarter of 2016, as capesize demolition came to a halt, accordin