baltic dry index Archives | Page 4 of 4

Baltic Dry Index continues downward slide

By Phil Franz-Warkentin January 7, 2016

CNS Canada — A downtrend in ocean freight rates shows no sign of letting up, as the Baltic Dry Index again hit fresh historic lows. The Baltic Dry Index (BDI) was quoted at 445 points on Thursday, marking a new low since records began in 1985. The index was trading above 1,200 as recently as […] Read more

Crops, Machinery, Markets

Ocean freight rate index at historic low, again

By Phil Franz-Warkentin December 17, 2015

CNS Canada –– The Baltic Dry Index, which gauges the price of moving grain and other goods by sea, is down to new historical lows, less than a month after setting the former floor. The BDI, compiled daily by the London-based Baltic Exchange, was quoted at 471 points on Wednesday after falling below 500 points […] Read more

Crops, Machinery, Markets

Low ocean freight rates likely to stick around

By Phil Franz-Warkentin November 26, 2015

CNS Canada –– Ocean freight rates are at some of their lowest levels ever and will likely stay that way for at least the next two years, according to an industry analyst. “We’re near hitting bottom, but just because we hit bottom it doesn’t mean we won’t scrape along it for awhile,” said Jay O’Neil, […] Read more

Crops, Markets

Baltic Dry Index hits record low

By MarketsFarm Team November 20, 2015

The Baltic Dry Index fell to its lowest levels ever on Friday, which bodes well for the competitiveness of Canadian grain exports. The BDI, a gauge of global ocean freight prices, was quoted Friday at 498 points — the first time the index dipped below 500 since records began in 1985. The index was trading […] Read more

Crops, Markets

Bulk shipping cost index sinks to 30-year lows

By Phil Franz-Warkentin February 10, 2015

CNS Canada –– The Baltic Dry Index, which tracks global bulk shipping rates, has fallen to its lowest levels in 30 years, which should make North American grains and oilseeds more competitive in the international market. The index (BDI) was quoted Monday at 554 points, the lowest reading since records start in 1985. The index […] Read more

Crops, Markets

Prairie farmers to benefit from lower ocean freight rates

By Terryn Shiells January 16, 2015

CNS Canada — Western Canada’s grain farmers are expected to benefit from recent lower ocean freight rates as the Baltic Dry Index (BDI), a measurement of such rates, has dropped significantly over the past couple of months. The BDI was quoted Friday at 749 points, up from a low of 709 points seen earlier in […] Read more

Tag Archives baltic dry index — page 4

Baltic Dry Index continues downward slide

Ocean freight rate index at historic low, again

Low ocean freight rates likely to stick around

Baltic Dry Index hits record low

Bulk shipping cost index sinks to 30-year lows

Prairie farmers to benefit from lower ocean freight rates

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