World News
Baltic Dry Index Ends Week with Another Record Low of 373, Cape Index Falls Under 200
Friday January 15, 2016
The Baltic Dry Index Friday dropped another 10 points to a new historic low of 373.
The sector's key barometer has now fallen to a new record low for the past nine consecutive sessions.
The index has also fallen every day so far in 2016.
It was a particularly bad day for the Cape Index, which fell 27 points to 198.
On Thursday, average spot TC rates fell to $2,798 per day for capesizes, $3,049 per day for Panamax, and $4,125 per day for Supramax.
Yesterday Adrian Tolson, Senior Partner at 20|20 Marine Energy told Ship & Bunker that "providing credit to dry bulk so they can buy bunkers is just getting incredibly difficult now."
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 569.50 | 0.00 | 680.00 | 0.00 |
| Rotterdam | 515.00 | 1.00 | 674.00 | 2.00 |
| Houston | 550.00 | 2.50 | 678.00 | 6.50 |
| Fujairah | 560.50 | 0.50 | 753.50 | 2.50 |
| Global 20 Ports Average | 586.00 | 0.00 | 761.00 | 2.00 |
| Global 4 Ports Average | 549.00 | 1.00 | 696.50 | 2.00 |
| Global Average Bunker Price | 634.50 | 1.00 | 800.50 | 2.00 |
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