China Impact on Shipping Sees BDI Fall to Four Month Low, down 25.4% to Start 2023 

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  • #50643
    TradersCom
    Keymaster

    Shipping indices accelerate lower first trading day of 2023

    Baltic Dry #BDI record drop of 17.5% to 1,250, lowest since Nov 24th
    Capesize smashed 27.7%, worst day in over 4 mths
    Panamax fell 6.3% to 1,438, lowest since Sept 6th
    Supramax lost 8.8% to 968, lowest in over 2 years

    #50570
    TradersCom
    Keymaster

    The Baltic Exchange’s dry bulk sea freight index continued where it ended last year off, freight booking cancellations are increasing at Chinese ports
    [See the full post at: China Impact on Shipping Sees BDI Fall to Four Month Low, down 25.4% to Start 2023 ]

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