Freight Rates: Holy Ship Captain
Wednesday 15 Sep 2021
The Baltic Dry Index (BDI) is a composite of three sub-indices, each covering a different carrier size: Capesize (40%), Panamax (30%), and Supramax (30%). It displays an index of the daily USD hire rates across 20 ocean shipping routes. Whilst most of the NZ log trade is shipped in handy size vessels, this segment is strongly influenced by the BDI. The Singapore Bunker Price has continued to edge upward.
Source: PF Olsen Wood Matters
Graph Source: TradingEconomics.com
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