The BDI reached a new yearly high this week with rates on smaller dry bulk ships stirring the latest movement.
The BDI reached 1084 points yesterday, up from 1065 the day before and the third day in a row.
Period rates for all tonnage much higher compared to previous week, especially for bigger Panamax/Kamsarmax and Capesizes.
Panamax/Kamsarmax Atlantic rates for short period, moved up to $12,000 pdpr. Additionally, Capesize rates moved up as well,
reaching $11,000 pdpr and $10,500 pdpr for 6 months and 1 year period respectively.
