In February 7th, the Baltic Dry Index ( BDI ) to close at 1045 points, to1000points near the. According to the shipping industry analysis, due to the global main commodity production to suffer from severe weather disasters cause inconvenient transportation, BDI future period of time will continue to be in low wander.
Recently, coking coal, sugar, food and other commodity prices higher, the murky months of dry bulk shipping market did not produce positive effect. Since 2011, the BDI index falling, dropped a total of 648 points. Affected by floods and hurricanes and other factors, the coal and iron ore main export country Australia recently blocked the transport, the main transport of iron ore and coal and other cargo Capesize bulk carriers for several months under pressure. According to authoritative orgnaization statistic, Capesize ships in recent days the average profit of $5724, far below capacity is only the half of the Panama ship average profit level, which is at the end of 2008, the lowest rate since the financial crisis.
In early January, at Barclays Capital in London analyst estimated that, if the flood subsided, the next few months BDI or there will be a 32% drop. On the current situation, situation is worse than expected. According to forecasting, the flood will also cause the Australian wheat production in half. In 2010, the Australian wheat yield wheat exports accounted for about11% of global market share. In addition to wheat, fruit and sugar yield will be reduced. On the dry bulk shipping market, it is one disaster after another. Coupled with the recent Egyptian domestic instability makes the market worried about the two major port operations. Domestic transportation industry analyst, recently it is difficult to see can support BDI to stabilize stabilized factors.
According to Clark Song data, since January 1, 201120 vessels Cape-based ship to enter the market, the first half of this year will be the new ship delivered during the peak period. According to the Shanghai shipping exchange statistics, at present the shipyard dry bulk orders in hand truck tonnage accounted for global active fleet of52.55% gross tonnage. In late 2010 the dry bulk transport capacity increased by 17.5% on the basis of, at the end of 2011global dry bulk capacity will continue to rise14.34%. But London Drewry shipping consulting company analysis thinks,2011 global dry bulk shipping demand and shipping volume were respectively 4.9% and6% only compared to the same period
Recent data also show that, at present shipping market has been busy. Recently at least5Capesize ships waiting for removing. A period of time in the future there will be more Capesize vessels into the demolition waste market. According to the Shanghai shipping exchange analysis in 2011, the international dry bulk shipping market competition is intense degree prep above 2010, especially the Cape-based ship owner, profitability will be further weakened.