The Baltic Composite Index (BDI) fell below 5,000 points last Friday (15th) to 4,854 points, a drop of 4.11%, dragged down by the decline in the freight rate of cape-type ships. A miserable week.
The bleak outlook for iron ore demand has caused the Cape Freight Index (BCI) to continue to fall 695 points, or 8.21% to 7767 points, a weekly drop of 23.2%; the average daily rent plummeted by US$5764 to US$64,417.
The Panama Extreme Freight Index (BPI) continued to strengthen, rising 42 points, or 1.04% to 4065 points, and a weekly increase of 5.15%; the average daily rent increased by US$380 to US$36,584.
The Ultra Lightweight Limit Freight Index (BSI) continued to hit a record high, rising 34 points, or 0.96% to 3576 points, a weekly increase of 4.65%.
International iron ore continued to weaken. The import price of Tianjin Port fell by 0.4% to US$125.5. Due to the post-holiday replenishment of stocks, there was still a 0.32% increase in a week; New York iron ore fell 0.58% to US$120.58 for consecutive months , The weekly decline was 5.57%.
