Issuing agency: China Association of the National Shipbuilding Industry
Column: Statistics
source: https://www.cansi.org.cn/cms/document/16671.html
Benefiting from the strong demand in the dry bulk market, the Baltic Dry Bulk Index (BDI) has risen for nine consecutive trading days, recording 4147 points on August 23, up 26% from the beginning of the month, 201% from the beginning of the year, and 178% from the same period last year.
On August 23, the Capesize Bulk Carrier Freight Index rose 117 points to 6,114 points, a new high since 2012. The average daily profit increased by US$977 to US$50,708. The Panamax Bulk Carrier Freight Index rose by 24 points to 3,809 points, a new high in five weeks. The average daily profit increased by US$219 to US$34,282. The Supramax Bulk Carrier Freight Index rose 27 points to 3,303 points, continuing to hit a new record high.
Experts believe that this round of BDI rise is mainly due to another sharp increase in Capesize spot freight rates. Countries have stimulated economic growth through infrastructure investment, bringing massive demand for iron ore, coal and other raw materials, and buoying the bulk shipping market. However, quarantine blockades, extreme weather and other factors have disrupted the global supply chain, resulting in a serious imbalance between supply and demand for shipping capacity, resulting in bulk carrier freight rates remaining high. In addition, the recent passage of the infrastructure bill in the United States is expected to significantly boost iron, With the demand for raw materials such as mineral sand and the recovery of China's breeding industry, the demand for feed has surged, driving a significant increase in grain imports. Amid the growth in demand from many aspects, the problem of tight supply of bulk carriers has become more serious.