Here are how the various Baltic Indices fared for the full week last week (ending June 5):
Baltic Dry Index (BDI): +9.0%
Baltic Capesize Index (BCI): +11.2%
Baltic Panamax Index (BPI): +12.1%
Baltic Supramax Index (BSI): +0.05%
Baltic Handysize Index (BHSI) +1.8%
Baltic Dirty Tanker (BDTI): +5.2%
Baltic Clean Tanker (BCTI): -3.1%
The numbers above do not come close the showing the volatility the indices had for the week. The BDI, BCI and BPI fell 10% to 15% over Thursday and Friday as spot rates for the big bulkers were making $10k per day swings. It will be very interesting this week to see in what direction the spot rates start out. I would like to see the BDI swing back up above the significant (to me) 4,000 level. It hit 4291 on Wednesday before closing the week at 3,809.
Tanker rates still suck as any increase in rate is being taken by increased bunker fuel prices.
Baltic Indices for last week
Here are how the various Baltic Indices fared for the full week last week (ending June 5):
The numbers above do not come close the showing the volatility the indices had for the week. The BDI, BCI and BPI fell 10% to 15% over Thursday and Friday as spot rates for the big bulkers were making $10k per day swings. It will be very interesting this week to see in what direction the spot rates start out. I would like to see the BDI swing back up above the significant (to me) 4,000 level. It hit 4291 on Wednesday before closing the week at 3,809.
Tanker rates still suck as any increase in rate is being taken by increased bunker fuel prices.